Business community hails decision of natural gas rationing for domestic consumers.

ISLAMABAD -- The business community, while hailing decision of natural gas rationing for domestic consumers, urged the government to make this wisdom based verdict a permanent feature throughout the year. They said that fifty percent of total gas in Pakistan is consumed by households which is a one of major hindrance in economic growth of country.

A delegation of industrialists and traders led by Chaudhry Jawad Hafeez told this during a meeting with Co-ordinator to Federal Tax Ombudsman Meher Kashif Younis here Sunday. They discussed issues relating to trade and business development, said a press release.

Speaking on the occasion, Coordinator to FTO said that the domestic sector gas, consumption has grown 13 percent over the years, which was maximum growth among all the sectors,a third largest energy source in the world.

He said that in most of developed countries, a single energy source was provided at the domestic and commercial levels to make best use for industrial and agricultural sectors whereas in Pakistan both resources power and gas were supplied at household level badly hampering economic growth especially during peak winter season, adding Pakistan is the most gas-intense country in the world and has less than one percent share in world gas consumption which are met through imported and indigenous resources.

He said natural gas and LNG contribute more than 40 percent to the country's current energy mix including gas used in power generation.

He said that it was unfortunate that gas in Pakistan was sold even below its cost which had caused colossal loss to gas...