Hafeez Shaikh welcomes Supreme Court’s decision regarding GIDC case

Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Thursday welcomed the Supreme Court’s (SC) decision pertaining to the long-standing Gas Infrastructure Development Cess (GIDC) case, wherein the government has been asked to recover Rs417 billion of GIDC payables from the industries.

The GIDC payables have been outstanding for many years.

Taking to Twitter on Thursday, the adviser also appreciated the efforts of the government, especially the office of the Attorney General.

“Welcoming the decision of the Supreme Court settling long-standing GIDC case, and enabling the government to recover GIDC stuck-up for last many years. I want to appreciate the good work of the government team, especially the office of the Attorney General, and the Finance and Petroleum ministries,” he tweeted.

‘Important milestone’

Meanwhile, in another tweet, Hafeez Shaikh termed the extension in PM’s Kamyab Jawan Programme as an important milestone for the promotion of businesses and job creation.

He said that the government has launched an “expanded Kamyab Jawan Programme to promote small businesses and employment”, adding that the per applicant maximum limit of loans has been increased from Rs5 million to Rs25 million while the number of participating banks has also been increased from 3 to 21.

The adviser said that the initiative would generate hundreds of thousands of jobs.

“Government has launched expanded Kamyab Jawan program to promote small businesses and employment. Increased maximum limit per applicant from Rs50 lacs to Rs2.5 cr and increased participating banks from 3 to 21. Will generate hundreds of thousands of jobs,” he stated.

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