Punjab govt to impose new taxes in next budget
Last updated on: 08 June,2019 07:13 pm
Suggestions to impose new carbon tax on the use of fuel are also under consideration.
LAHORE (Dunya News) – Punjab government is mulling to impose new taxes on people and suggestions to collect property taxes from motorways and restaurants have surfaced on media. The Punjab government has prepared the documents to impose taxes of 25 to 30 billion in next fiscal year.
The sources in Punjab finance department said that government is mulling to increase agriculture income tax and suggestions to impose new carbon tax on use of fuel are also under consideration.
The government is considering widening the professional tax while professional tax on lawyers has been delayed. The government is also considering to impose tax on beauty salons.
On the other hand Punjab government is planning to increase growth rate by 5.2 % in next fiscal year. The government is likely to allocate 3 billion for South Punjab secretariat.
The Punjab government has prepared the suggestions to create over 0.5 million new jobs in next fiscal year. The government is also considering to allocate 14 billion to complete Orange Line Metro Train. The government has prepared a plan to increase industries through public private partnership.
PM Imran Khan has summoned a meeting on 10 June to discuss matters related to next budget. The meeting would be attended by CM Usman Buzdar and Finance minister.
The new development schemes would be added to budget after approval from PM Imran Khan. The PM would be briefed on the budget allocated for pure water schemes in Punjab.