Punjab's tax collection jumps 44%

[Chakar The Great]

LAHORE:

Punjab’s tax collection registered a 44% growth to Rs77 billion in first quarter of the ongoing fiscal year compared to the corresponding period of previous year, despite tough conditions of the federal government for the provinces to get a share in the federal divisible pool of resources.


Punjab Finance Minister Makhdoom Hashim Jawan Bakht disclosed this at a review meeting of the Finance Department on Monday.

The meeting was briefed that despite the financial backlog left by the previous government, the current government gave a surplus budget of Rs233 billion in order to meet financial requirements of the federal government to comply with conditions of the International Monetary Fund (IMF) loan programme.



Meeting participants noted that a revenue collection target of Rs388 billion was fixed for Punjab for the current fiscal year 2019-20, which was 44% higher than the previous fiscal year.

Published in The Express Tribune, October 15th, 2019.

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[AZADPAKISTAN2009]

Thank you to Residents of Punjab , hope the figures continue to grow

 

[Code_Geass]

PRA really needs to up their enforcement of Sales tax on services sindh revenue board is far more active in this regard serving notices for their portion of taxes. a lot of registered buyer do not withheld PRA tax.

 

[Kabira]

PRA really needs to up their enforcement of Sales tax on services sindh revenue board is far more active in this regard serving notices for their portion of taxes. a lot of registered buyer do not withheld PRA tax.

Few reasons for that. Sindh collect 95% of tax from Karachi alone while practically ignore rest of the Sindh. Of that 30-40b is from port which is share of all provinces. Plus PPP even tax rikhshaw drivers from Karachi as they dont have vote bank there.

I bet tax collection in punjab is more spread out.

 

[Peaceful Civilian]

Good going . Everybody should pay taxes.