September 22, 2021

KATI demands reversal of ECC decision regarding GIDC

Presidnet KATI,

Korangi Association of Trade & Industry (KATI) urged PM Imran Khan for the reversal of a decision taken by the Economic Coordination Committee (ECC) of the federal cabinet to charge dues under the head of Gas Infrastructure Development Cess (GIDC).

President KATI Saleem-uz-Zaman said that the industrial sector of the country has already been going through the toughest times due to interruption in gas supply and financial hardships because of the crisis that emerged after Covid-19 pandemic. He said that Industrialists had clearly told the government that financial health of industry couldn’t allow to pay any additional charges in the name of any levy of cess.

He said that during a meeting with PM Khan, Industrialists already briefed him about the reservations on GIDC issue. Saleem-uz-Zaman mentioned that the business community appreciated PM Khan’s effort to support industrial production and steps to promote the country’s exports however GIDC is the most pressing issue which needs his earliest attention.

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