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Punjab Revenue Authority meeting held at Lahore with Finance Minister in the chair


Sudhir Chaudhary

20th Jan, 2021. 07:23 pm
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Punjab Revenue Authority meeting held at Lahore with Finance Minister in the chair
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A meeting of PUnjab Revenue authority is held at Lahore headed by Punjab Finance Minister Hashim Jawan Bakht. According to source revenue generation for six month of financial year is increase of 9 percent.

Punjab sales tax on services increased by 45 percent, motor vehicle registration improved by 46 percent, the tax on immovable property, farmhouses and luxury houses has been collected at 63 percent of the estimated revenue. Furthermore, the Punjab Revenue Authority collected 60 percent of the estimated revenue in the budget 2020-21, Excise and Taxation collected 53 percent and the Board of Revenue collected 48 percent.

Excise and Taxation increase of Rs 2.2 billion in property tax.

The decline in economic activity due to Corona affected recovery rates. The Finance minister Hashim Jawan Bakhat asked to the Board of Revenue (BOR), Agriculture Income Tax and excise and taxation to improve their performance and increase revenue collection.

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