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FPCCI asks PM to resolve gas crisis

FPCCI asks PM to resolve gas crisis July 3, 2021 KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Nasser Hyatt Maggo on Friday expressed his profound concern over continuing gas crisis and incessant gas supply shortages hampering industrial production and fulfilment of export orders. Maggo stressed bringing all the stakeholders and players on one page, and requested PM Imran Khan to chair a meeting to help resolve their differences and contradictions – once and for all. He said that FPCCI was keenly but sorrowfully observing difference of opinion among various governmental departments and stakeholders over resolution of the current gas crisis. This divergence of view and lack of direction would cause further delays in resumption of normal gas supplies, he added.

Removal of additional levies on LNG demanded

Removal of additional levies on LNG demanded June 29, 2021 KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and All Pakistan CNG Association have urged the government to reverse the decision to impose 17 percent sales tax and five percent customs duty on LNG, as it threatened businesses. FPCCI President Mian Nasser Hyatt Maggo on Monday said the sales tax on LNG for CNG sector has been increased from five percent to 17 percent, while customs duty of five percent has also been imposed. “Given that CNG is expensive and the survival of this business is in jeopardy. This decision should be reversed immediately,” he asked.

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