GIDC

AcronymDefinition
GIDCGujarat Industrial Development Corporation (India)
GIDCGarment Industry Development Corporation
GIDCGeorgia Indigent Defense Council (now Georgia Public Defender Standards Council)
GIDCGrenada Industrial Development Corporation
GIDCGovernment Internet Data Centre (Sri Lanka)
GIDCGuildford Ice Dance Club (UK)
References in periodicals archive ?
In the meeting, Pakistan Tehreek-i-Insaf leader and Vice Chairman of Khyber Pakhtunkhwa Board of Investment and Trade (KPBoIT) Senator Mohsin Aziz vehemently discussed the retrospective impacts on industries and captive power units, by imposition of Gas Infrastructure Development Cess, besides rights of smaller provinces, and different judgments, taken by Peshawar High Court, Islamabad High Court and Supreme Court, regarding the levy of GIDC and others.
He said APTMA was never the only association asking for reduction in GIDC and there was no reality to the propaganda that APTMA had pursued the government in reducing GIDC.
The latest move came after the government faced criticism for waiving Rs300 billion GIDC dues in favour of a few industrialists.
Omar Ayub said that the government would conduct a forensic audit of the fertilizer plants to assess the amount they had received from the farmers on account of GIDC. He said that the presidential ordinance regarding GIDC was taken in the best interests of the nation, as 'the government aims to collect Rs210 billion out of the total Rs417 billion' which were not being collected.
The GoP has decided to introduce a presidential ordinance to settle 50% of GIDC receivable from gas consumers (~PKR40bn from Fertilizer sector).
The industry is optimistic regarding the GIDC settlement as agreed by Asad Umer in January this year to reduce the rates by 50% since inception and prospectively as well.
Out of the total Rs 416 outstanding billed and un-billed GIDC the government will waive off half or Rs 208 billion to fertilizer, IPPs, industries, Gencos /K-Electric, captive power and CNG sectors, official document revealed.
He said the PTI government should get industry on board before deciding on GIDC.
Gas Infrastructure Development Cess (GIDC) pursuant to the provisions of GIDC Act, 2015 through Sale Price of CNG notified by Oil and Gas Regulatory Authority from time to time.
We have agreed to pay Rs12 billion on account of GIDC and the finance ministry, petroleum ministry and Ogra have given their consent to the proposed formula, All Pakistan CNG Association Chairman Ghiyas Abdullah Paracha said.
A year before government collected Rs57 billion under GIDC which is opposed by the industrial sector but to no avail, he said adding that the income under the head of natural Gas developmental Surcharge has been increased by seven billion rupees to Rs33 billion.
Omar said that the government would conduct a forensic audit of the fertilizer plants would be conducted to assess the amount they had received from the farmers on account of GIDC. He said that the presidential ordinance regarding GIDC was taken in the best interests of the nation because the government aims to collect Rs210 billion out of the total Rs417 billion which were not being collected.