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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
With a budget of Rs. 4 billion for the current fiscal year, the RCB allocates 60% of its funds to non-developmental expenditures.<\/p>\n
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.<\/p>\n
To address these issues, the RCB has introduced reforms to diversify revenue streams and prioritize timely payments to contractors.<\/p>\n
Two appointed superintendents, Rana Saleem, and Ayub Tabassum, have been entrusted with increasing revenue recovery, particularly property taxes.<\/p>\n