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Gas infrastructure development levy on cards – Alfalah Securities Limited

Karachi : The government is considering imposition of gas infrastructure development levy on consumers in order to raise PKR 40 bn of revenue.

According to Alfalah Securities, the Gas Infrastructure Development Cess Act and Petroleum Products (Petroleum Levy) (Amendment) Act are under discussion in the National Assembly. The gas levy is expected to be introduced to raise funds for the gas import projects like Iran- Pakistan pipeline and TAPI pipeline projects to meet the demand and supply gap.

Market Outlook:
Positive.

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