Economic Coordination Committee imposes 5 percent tax on LNG

09 Apr, 2015 2:38 pm

ISLAMABAD (92 News) – The Cabinet’s Economic Coordination Committee (ECC) decided to impose five percent sales tax on LNG on Thursday.

The ECC, headed by Finance Minister Ishaq Dar, has formed a committee to set the new price for the fuel.

Earlier in October last year, the ECC had drastically lowered sales tax on LNG imports by 70 percent to just five percent to encourage the use imported Liquefied Natural Gas (LNG) for supplementing dwindling gas supplies.


 




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