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Coronavirus
LOW
Source: covid.gov.pk
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724hr
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23224hr
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476,958
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443,560
Balochistan
33,509
Islamabad
107,960
KPK
180,412

Gas Infrastructure Development Cess (GIDC) pending outstanding against the eight sectors stood at Rs 147 billion up to 2015 as total accrual against them was Rs 287.6 billion while the total amount collected and deposited was Rs 140.3 billion. Sources said that post-GIDC Act 2015, GIDC outstanding up to December 2018 against eight sectors stood at Rs 269.1 billion - both billed and unbilled - following total GIDC accrual against them Rs 414 billion and amount collected and deposited by them was Rs 144.8 billion.
They added if pre-GIDC and post-GIDC Act 2015 outstanding are added, the total GIDC outstanding against eight sectors comes to Rs 416.3 billion. The Petroleum Division revealed to a recent meeting of the Economic Coordination Committee (ECC) of the Cabinet that pre-GIDC Act 2015, GIDC total accrual against fertilizer fuel was Rs 1.2 billion while it collected and deposited Rs 0.4 billion which left total GIDC outstanding (billed & unbilled) at Rs 0.8 billion.
The total accrual of GIDC against fertilizer feed (old) was Rs 83.8 billion with Rs 68.7 billion collection and deposited amount and total outstanding (billed & unbilled) was Rs 15.1 billion. Likewise sector wise total accrual against fertilizer feed was Rs 9.2 billion while the amount collected and deposited stood at Rs 0.7 billion, and GIDC outstanding (billed & unbilled) was Rs 8.5 billion.
The GIDC total accrual against the industry was Rs 31.8 billion and amount collected and deposited stood at Rs 11.2 billion which left the total GIDC outstanding (billed & unbilled) Rs 20.6 billion. The GIDC total accrual against IPPs was Rs 23.8 billion out of which Rs 14.2 billion were collected and deposited and remaining Rs 9.6 billion were outstanding (billed & unbilled). The GIDC accrual against (former)KESC/Genco was Rs 42.9 billion out of which Rs 17.5 billion were collected and deposited while GIDC outstanding (billed & unbilled) was Rs 25.4 billion. The GIDC against captive power was Rs 36 billion, collected and deposited amount was Rs 7.9 billion and total GIDC outstanding (billed & unbilled) was Rs 28 billion.
The ECC was further informed that GIDC accrual against CNG Region-I stood at Rs 29.4 billion, amount collected and deposited was Rs 8.2 billion and GIDC outstanding (billed & unbilled) stood at Rs 21.2 billion. The GIDC accrual against CNG Region-II was Rs 29.5 billion, collected and deposited amount was Rs 11.5 billion and outstanding (billed & unbilled) Rs 18.0 billion.
Petroleum Division submitted to the ECC that according to company-wise details, total accrual against Sui Northern Gas Pipelines Ltd was Rs 104 billion and it collected and deposited Rs 37 billion and there is Rs 67 billion (billed and unbilled) outstanding against it. GIDC outstanding (billed & unbilled) against Sui Southern Gas Company Ltd was at Rs 55.9 billion as its total accrual was 87.9 billion while it collected and deposited Rs.32.1 billion.
Total accrual against Mari Petroleum Company Ltd stood at Rs 83.1 billion while it collected and deposited Rs 61.8 billion, leaving GIDC outstanding (billed & unbilled) Rs 21.3 billion. Total accrual against Pakistan Petroleum Company Ltd remained Rs 7.5 billion, collected and deposited amount was Rs.5.3 billion and total GIDC outstanding (billed & unbilled) was Rs 2.2 billion.
The OGDCL total accrual was Rs 5.0 billion, collected and deposited amount was Rs 4.2 billion and total GIDC outstanding (billed & unbilled) remained Rs 0.8 billion. The total billed amount of the five companies was Rs 287.6 billion while they collected and deposited Rs 140.3 billion. The total GIDC outstanding against the five companies (billed & unbilled) stood at Rs 147.2 billion, as per pre-GIDC 2015 status.

Copyright Business Recorder, 2019

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