Supreme Court dismisses pleas challenging GIDC levy

 ISLAMABAD:

The country’s top court on Thursday dismissed all petitions filed against the Gas Infrastructure Development Cess (GIDC) levy and ruled in favour of the federal government, which would collect more than Rs700 billion from various companies.

A three-member special bench of the Supreme Court, headed by Justice Mushir Alam and also comprising Justice Faisal Arab and Justice Mansoor Ali Shah, heard 107 petitions and appeals filed by several textile, cotton and sugar mills; ceramics, chemical, aluminium and cement companies; CNG filling stations; and match factories against the GIDC levy. The court had reserved its verdict in February this year.

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