OGDCL contributed over Rs160 billion to treasure last year.

ISLAMABAD -- In a most questionable manner the Custom Intelligence officials have claimed that they have recovered Rs221.7 million tax from Oil and Gas Development Company (OGDCL), the largest state-owned larger E and P company and the biggest contributor to the national exchequer. It is quite surprising that the Custom Intelligence is taking pride in making recovery of tax from the OGDCL, which is the largest taxpayer state entity.

The government holds 85% shares of the company which contributed Rs160 billion to the national exchequer in the last fiscal year. After digging out the facts and motives behind the story, it transpired that the OGDCL procures seamless pipes for its drilling operations on concessionary custom...