LAHORE: The cabinet ministerial committee of Punjab under the supervision of Finance Minister Sardar Mohsin Khan Leghari held its second meeting at the finance division to discuss the current financial year’s tax and non-tax revenues.
The Punjab Revenue Authority has collected more taxes than its predetermined target through the month of October in the current fiscal year, according to Special Secretary (Finance) MuhamÂmad Ali Randhawa, who also provided an update on the revenue collected by the tax and non-tax departments.
He added that the board of revenue collected 31% of the tax, while the excise and taxation department collected 41% of the budget estimates.
The details also revealed that the police department collected 29% of its projected revenue from non-tax sources, the irrigation department received 13%, and the mines and minerals department collected 38%.
Besides, a revision of the tax collection policy under the universal health insurance program and a reduction in property tax for 14 union councils of Rawalpindi were among the five items on the meeting’s agenda.
Furthermore, the discount on production index units for the transfer of land ownership rights to farmers on government lands in Cholistan was another item on the agenda.
Additionally, the board of revenue was given instructions by the finance minister to maintain transparency in the sale of lands in Cholistan, adding that it was important to make sure that the farmers who were farming on public property were the only ones to benefit from the concession.
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