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5. The #CNG Association Of Pakistan was the first one to oppose it
6. They went to the court and took a STAY ORDER
7. Then the Fertiliser industry followed the foot steps of The CNG association
8. They went and took a stay order as well.
9. But the trick these co’s played...
6. They went to the court and took a STAY ORDER
7. Then the Fertiliser industry followed the foot steps of The CNG association
8. They went and took a stay order as well.
9. But the trick these co’s played...
.... was that they were collecting these CESS charges from the consumers but not depositing the money in the government accounts. Which is a crime in my opinion.
10. #NS government kept playing along by delaying the collection by force from these companies.
10. #NS government kept playing along by delaying the collection by force from these companies.
11. In 2015 NS government lost the case against these companies in the Supreme Court.
12. First they lost the case in The Peshawer High Court and then the appeal in The Supreme Court
13. While all along till 2016 the government allowed the burden to be passed onto the consumer
12. First they lost the case in The Peshawer High Court and then the appeal in The Supreme Court
13. While all along till 2016 the government allowed the burden to be passed onto the consumer
14. Meaning, GIDC was being collected from the consumer but not being paid to the government.
15. Then in 2017-18 NS government offered and Amnesty to the CNG association that pay a certain amount and we will waive off the rest as an NRO deal.
15. Then in 2017-18 NS government offered and Amnesty to the CNG association that pay a certain amount and we will waive off the rest as an NRO deal.
16. CNG association rejected it. They demanded that ALL of the GIDC should be waived off.
17. But the problem was that these Co’s had already collected hundreds of billions from the consumers and using it for their own businesses while the consumer kept paying these charges.
17. But the problem was that these Co’s had already collected hundreds of billions from the consumers and using it for their own businesses while the consumer kept paying these charges.
18. The total amount outstanding and sitting in these companies accounts including Fatima Fertiliser CNG ENGRO and others is way above Rs 400 Billion.
19. The only way to save the public from being forced fully charged this CESS while the government gets nothing is to....
19. The only way to save the public from being forced fully charged this CESS while the government gets nothing is to....
20 ... come and meet them half way. Since both the previous governments had lost the case and the appeal in Peshawer High Court and the Supreme Court.
21. So the government in order to save the consumer from being continuously charged this CESS, offered to write off half...
21. So the government in order to save the consumer from being continuously charged this CESS, offered to write off half...
22. ... and asked the companies to pay half.
23. Even this deal is rejected by the companies.
24. They are again going to the courts.
25. These companies are in A Win-Win situation. Almost blackmailing the government. They have all the cash already in their accounts.
23. Even this deal is rejected by the companies.
24. They are again going to the courts.
25. These companies are in A Win-Win situation. Almost blackmailing the government. They have all the cash already in their accounts.
This cash is owed to the government. They don’t want to pay a penny. They want all the funds to be forgiven. But at the same time they are refusing to refund the GIDC charges back to the consumer.
26. Now if these companies lose. They have to pay half to the govt.
26. Now if these companies lose. They have to pay half to the govt.
27. If they win this case against the government then they keep all of Rs 400 billon.
28. This is a pure case of corporate blackmailing.
28. NO FUNDS have been written off. It was an offer ONLY that these companies have refused. They want all the money written off.
28. This is a pure case of corporate blackmailing.
28. NO FUNDS have been written off. It was an offer ONLY that these companies have refused. They want all the money written off.
29. So this is the real deal of the GIDC.
Welcome to Pakistan. Welcome to the evening shows spreading wrong information without telling you the details in reality.
Anyway. Pakistan Zindabad and Insha Allah we will prosper. Nobody can blackmail the writ of the govt.
Welcome to Pakistan. Welcome to the evening shows spreading wrong information without telling you the details in reality.
Anyway. Pakistan Zindabad and Insha Allah we will prosper. Nobody can blackmail the writ of the govt.
