Dhaka, July 30 -- The government has inked a revised gas sales and payment agreement with Karnaphuli Fertilizer Company Limited (Kafco) and collected outstanding gas bills worth Tk 9.24 billion from the multinational company on Wednesday.

Kafco also paid overdue demand charge worth around Tk 343 million to state-run Karnaphuli Gas Distribution Company Ltd (KGDCL) during a deal signing ceremony in Petrobangla office in the city.

Energy secretary Mohammad Saiful Islam chaired the deal signing ceremony, which was attended, among others, by industries secretary Md Wabaidur Rahman, KGDCL chairman SM Moin Uddin Ahmed, Petrobangla chairman Md Rezanur Rahman, and BCIC chairman Md Fazlur Rahman.

The KGDCL company secretary Kabir Uddin Ahmed and...