KARACHI: President, Lasbela Chamber of Commerce and Industry (LCCI), Ismail Sattar, has strongly urged the government to withdraw the enormous increase in Gas Infrastructure Development Cess (GIDC) per MMBTU for independent power plant, captive power producers, CNG and industrial consumers which is more than 200 percent as compared to the current rate to the cess.
He apprehended that this enormous increase in GIDC would jeopardize the measures taken by the government in federal budget 2014-15 to boost industrial activities as it would add about 30% to the cost of production for those industries that use captive power generation and would leave negative effects on their competitiveness.
This will also increase the cost of power and will affect other industrial consumers as well. LCCI chief said the levy of this enormous increase of GIDC on CNG would add enormously to the cost of CNG directly affecting the common people as it would add to cost of both public and private transportation.
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