TAPI Gas Pipeline to Reach Completion by 2023 – Research Snipers

TAPI Gas Pipeline to Reach Completion by 2023

TAPI Gas Pipeline

On Tuesday, the SC was told that the TAPI Gas Pipeline project would reach completion by 2023.

A 3-member bench of the Supreme Court, led by Justice Mushir Alam and a comprising Justice Faisal Arab and Justice Mansoor Ali Shah, heard the case of the Gas Infrastructure Development Cess (GIDC).

During the care proceedings, the apex court expressed frustration over the lack of assistance by the Finance Division and other departments.

Justice Mansoor Ali Shah asked what was the entire cost of the Pakistan-Iran gas pipeline venture.

The additional secretary finance said that this far Rs.33 billion had been spent on the project. He also added that the North-South project would cost a total of Rs.405 billion.

He said that Pakistan would be spending nearly Rs.20 billion initially on the North-South project.

Justice Mushir Alam said that if the projects were finished on time, these should reach completion within the budget, and added that this was tax money and delay would be doubling the cost.

Justice Mushir Alam said that no department was helping the court over the matter as a statement of each officer was different from another.

He added that the Interstate Gas had mentioned that the amount was not being transferred while the Finance Ministry had mentioned that funds would be transferred on request.

He indicated that this was the situation of the national projects and added that there seemed to be no end to these ventures.

The attorney general asked the court to grant some time as he would be reviewing all the matters. The TAPI project would reach completion by 2023, he further mentioned.

More Read: Local Traders to Lose Rs.23 billion Because of PSL: LCCI

Leave a Reply

Your email address will not be published. Required fields are marked *