Govt seeks overhaul of gas surcharge law to tackle defaults, circular debt

ISLAMABAD: The government is seeking comprehensive amendments to the decades-old Gas Development Surcharge (GDS) law to strengthen recovery from defaulting consumers, account for situations where gas is sold below cost and address regulatory gaps contributing to a gas-sector circular debt that has crossed Rs3.5 trillion. Petroleum Minister Ali Pervaiz Malik is scheduled to introduce in the National Assembly on Monday (today) the Natural Gas (Development Surcharge) (Amendment) Bill, 2026, seek...

By none@none.com (Khaleeq Kiani)