AGL 40.02 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 127.85 Increased By ▲ 0.15 (0.12%)
BOP 6.71 Increased By ▲ 0.10 (1.51%)
CNERGY 4.47 Decreased By ▼ -0.13 (-2.83%)
DCL 8.90 Increased By ▲ 0.11 (1.25%)
DFML 41.65 Increased By ▲ 0.07 (0.17%)
DGKC 87.00 Increased By ▲ 1.21 (1.41%)
FCCL 32.73 Increased By ▲ 0.24 (0.74%)
FFBL 64.62 Increased By ▲ 0.59 (0.92%)
FFL 11.45 Increased By ▲ 0.90 (8.53%)
HUBC 111.50 Increased By ▲ 0.73 (0.66%)
HUMNL 14.87 Decreased By ▼ -0.20 (-1.33%)
KEL 4.94 Increased By ▲ 0.06 (1.23%)
KOSM 7.37 Decreased By ▼ -0.08 (-1.07%)
MLCF 40.90 Increased By ▲ 0.38 (0.94%)
NBP 61.39 Increased By ▲ 0.34 (0.56%)
OGDC 194.98 Increased By ▲ 0.11 (0.06%)
PAEL 27.48 Decreased By ▼ -0.03 (-0.11%)
PIBTL 7.78 Decreased By ▼ -0.03 (-0.38%)
PPL 153.20 Increased By ▲ 0.67 (0.44%)
PRL 26.52 Decreased By ▼ -0.06 (-0.23%)
PTC 16.10 Decreased By ▼ -0.16 (-0.98%)
SEARL 84.60 Increased By ▲ 0.46 (0.55%)
TELE 7.93 Decreased By ▼ -0.03 (-0.38%)
TOMCL 36.90 Increased By ▲ 0.30 (0.82%)
TPLP 8.80 Increased By ▲ 0.14 (1.62%)
TREET 17.01 Decreased By ▼ -0.65 (-3.68%)
TRG 57.61 Decreased By ▼ -1.01 (-1.72%)
UNITY 26.78 Decreased By ▼ -0.08 (-0.3%)
WTL 1.33 Decreased By ▼ -0.05 (-3.62%)
BR100 10,000 No Change 0 (0%)
BR30 31,002 No Change 0 (0%)
KSE100 94,691 Increased By 499.2 (0.53%)
KSE30 29,402 Increased By 200.7 (0.69%)

The Khyber Pakhtunkhwa chapter of the All Pakistan CNG Association here on Friday demanded of the government to announce a "special financial relief package" for the CNG sector which was bearing the adverse effects of the coronavirus pandemic.

The demand was made during a meeting chaired by APCNGA KP Chairman Fazal Muqeem Khan, said a statement issued here. Abdul Haq, Hafeezullah Marwat, Khaliqur Rehman, Tahir Jay, Jawad Khan, Imran Khan, Zainullah and Malik Irfan-ud-Din also attended the meeting.

The meeting, while urging the federal government to announce a tariff relief package for the CNG sector, said that the CNG sector employed a huge number of people and contributed massively to the exchequer.

The participants demanded of the government to reduce gas tariff to Rs780 per MMBUTU across the country, a rate that would maintain parity between CNG and petrol. They recommended sales tax on the cost of gas at 17pc only and sought a 4pc exemption in income tax.

Fazal Muqeem said that the government should have reduced CNG prices when it reduced petrol prices. He feared massive unemployment in the CNG sector if the government ignored their demands as well as investment worth billions of rupees going to waste. Fazal Muqeem said that CNG was not only environment friendly but it was also a source of revenue earning for the country.

Copyright Business Recorder, 2020

Comments

Comments are closed.