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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

Abdul qadirMohsin azizSadia abbasiAfnanullah khanPetroleum divisionSui southern gas companyPakistan petroleum limitedPetroleum dr arshad mahmoodInvestigation agencyGas infrastructure development cessHascol petroleumSecurities exchange commission of pakistanSenate standing committeeSenator abdul qadirState bankExchange commission