PolicyQuick read

PPP blocks parliamentary proceedings on 2 gas revenue bills amid rift with govt

Dawn • • 1 min read

PPP blocks parliamentary proceedings on 2 gas revenue bills amid rift with govt

Dawn reported that the Pakistan Peoples Party blocked a National Assembly petroleum committee from taking up two government bills on gas-linked revenue on Friday. PPP's Syed Naveed Qamar asked members to set aside the Natural Gas (Development Surcharge) Amendment Bill and the GIDC Amendment Bill, and the panel later deferred both. The move came amid coalition tensions over Azad Kashmir polls and talk of creating new provinces.

The Petroleum Division had proposed widening the use of GIDC funds to strategic oil and gas reserves, which are currently limited to pipeline projects. Dawn also noted that about Rs295 billion is unspent, while more than Rs400bn gathered from consumers by fertiliser firms is kept outside the exchequer over legal issues. Committee chairman Mustafa Mehmood argued that cheap gas should not go to fertiliser makers unless farmers benefit.

Outside the meeting, Qamar said the PPP is not a coalition partner but has backed the government, and that the arrangement cannot continue one-sidedly indefinitely. He said the party had raised grievances over AJK elections, judicial appointments and other matters, and would withhold support until tangible progress appears. The party also opposes the Islamabad Local Government Bill, having filed a dissenting note on it.

At a glance

  • PPP blocked the committee from taking up two gas-linked bills, and both were deferred.
  • About Rs295 billion remains unspent, while over Rs400bn from consumers sits outside the exchequer.
  • Qamar said the PPP will withhold support until the government shows tangible progress.
Sectors:FertilizerOil & Gas Exploration Companies

Originally reported by Dawn

This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.

Read the full story

Want the full article here?

Log in to read the full article in the Investify reader, in English or Urdu.

Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.

Built for PSX investors

Business news.Every filing, summarised.

Top stories from Pakistan's business press and key findings from every PSX announcement.

Investify announcement summary with key findings from a PSX filing
Investify app home screen with Pakistan business news and PSX filings