RAWALPINDI: The Rawalpindi Cantonment Board (RCB) has undertaken significant measures to enhance tax recovery and tackle the revenue shortfall that has resulted in outstanding payments to contractors worth millions of rupees.
In an effort to address these challenges, the tax branch has been divided into five wards to streamline revenue collection and expand the tax net.
The RCB, which faces financial constraints due to increasing non-developmental expenditures and relatively low revenue, has made slight increases to property contracts, including the cattle market and car parking spaces.
With a budget of Rs. 4 billion for the current fiscal year, the RCB allocates 60% of its funds to non-developmental expenditures.
This situation has led to delayed payments to contractors for completed development projects and maintenance work, resulting in their reluctance to bid for new projects due to cash flow difficulties.
To address these issues, the RCB has introduced reforms to diversify revenue streams and prioritize timely payments to contractors.
Two appointed superintendents, Rana Saleem, and Ayub Tabassum, have been entrusted with increasing revenue recovery, particularly property taxes.
Besides, they are also responsible for identifying properties that are not currently in the tax net and ensuring their inclusion.
In addition, the contract for the cattle market at Bhatta Chowk has been awarded for Rs. 89.5 million, marking an increase from Rs. 80.6 million in the previous year.
Similarly, the contract for the parking area in the Potorhar area, connecting Hyder Road and Bank Road, has been awarded for Rs. 30.1 million, compared to Rs. 12 million in the previous year.