Fixing gas sector |
Pakistan's gas sector has quietly become home to yet another fiscal monster. Circular debt has crossed Rs3 trillion, including late payment surcharges. Yet, instead of addressing the structural inefficiencies that created this crisis, the state appears poised to once again pass the burden onto citizens through taxes.
At a recent meeting of the National Assembly's Standing Committee on Petroleum, Petroleum Minister Ali Pervaiz Malik confirmed the scale of the gas........