Punjab budget 2016-17 to bring far-reaching results: Ayesha
LAHORE—Provincial Minister for Finance Dr. Ayesha Ghaus Pasha has said that Punjab budget will be of far-reaching results. She said that burden on common man will be minimized and luxury services will be focused for increasing tax net.
Due burden will be put on small traders while formula of recovery of property tax will be evolved while keeping in view the problems of middleclass, she added. Reforms in tax policy will result in increasing re-sources and gradually reducing tax rate, she added. She expressed these views during meeting with a delegation of DFID at Head Office of Punjab Revenue Authority.
The Minister said that automation in the system of registration and recoveries will play an important role with regard to facilities in the business which will increase the confidence of private sector in public sector besides create environment of mutual coop- eration. She thanked the delegation on consultation of DFID in tax reforms and financial affairs. Members of the delegation included Secretary of Senate for International Development Ms. Justin Greening, British High Commissioner Thomas Drew, Director General Finance and Corporate Per-formance Joy Huchan who were received by Chief Secretary Punjab Capt. (R) Zahid Saeed, Secretary Finance Shaukat Ali, Chairman Punjab Revenue Authority Raheel Ahmed Siddiqui and senior members of PRA.
Visiting Secretary State, who is also part of cabinet of British Prime Minister David Cameron, congratulated Punjab Revenue Authority on attaining the honor of first provincial agency collecting maximum tax. Justin Greening termed Restaurant Device Monitoring System of the authority and Amanat scheme as best method of public movement. The representatives of the delegation assured the Minister of full cooperation in future as well.