Senate Panel Passes Amendment Bills on Commercial Agriculture, Banking Services and Financial Entities newsmakers.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmakers.pk Daily Mail and Mail on Sunday newspapers.
ISLAMABAD: Senate Standing Committee on Petroleum and Natural Resources chairman Muhammad Abdul Qadir is presiding over a meeting at Parliament House on Monday. APP
ISLAMABAD: Briefing the Senate Standing Committee on Petroleum on Monday, the Petroleum Division said that out of a total Rs790 billion on account of the Gas Infrastructure Development Cess (GIDC), various consumers owed approximately Rs473bn in arrears.
The Senate body meeting, presided over by committee chairman Senator Abdul Qadir, discussed overall foreign investment in the country’s oil and gas sector.
The committee was informed that out of a total of about Rs790bn worth of GIDC, an amount of Rs321bn had been deposited in the federal treasury as of April 2021 while Rs473bn was still recoverable from various parties. There were also stay orders from the high courts over the recovery of Rs356bn while a waiver of Rs50bn had been given to the CNG sector. The committee chairman directed relevant authorities to seek s
Senate body summons SECP, FIA, SBP over major corruption in HASCOL Petroleum geo.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from geo.tv Daily Mail and Mail on Sunday newspapers.
July 27, 2021
ISLAMABAD: The Senate’s Standing Committee on Petroleum on Monday expressed serious concern over the massive corruption scandal of multi-billion rupees in Hascol Petroleum by its top management and summoned SECP, State Bank, Ministry of Petroleum, FIA and other relevant departments in its next meeting.
The committee met in the Parliament House on Monday with Senator Abdul Qadir in the chair and discussed this huge corruption in this public listed company in which tens of billions of rupees of investors had sunk.
Senator Afnan Ullah Khan said that the management of Hascol had made Rs7.5 billion of fake purchase orders while its Chief Executive Officer (CEO) has done fraud of Rs8 billion in oil. This company has made accumulative fraud of around Rs75 billion. He asked the chair to summon the relevant investigative bodies to know their progress in the case.