*LAHORE – **Punjab Government is likely to impose huge new taxes in theprovincial budget, Media Reports have revealed.*
*The Punjab government to impose new taxes worth of 25 to 30 billion innext budget, the reports said.*
According to the reports, the provincial government is expected to imposenew taxes on people and suggestions to collect property taxes frommotorways and restaurants.
The reports said that the Punjab government has prepared the documents toimpose taxes of 25 to 30 billion in next fiscal year. It also said thatgovernment is mulling to increase agriculture income tax and suggestions toimpose new carbon tax on use of fuel are also under consideration.
The reports further reported that the government is considering wideningthe professional tax while professional tax on lawyers has been delayed,adding that the government is also considering to impose tax on beautysalons.
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It was proposed to increase the development fund from 275 to 305 billionrupees in next fiscal year. The government is also considering to allocate14 billion rupees to complete Orange Line Metro Train.
On the other hand Punjab government is planning to increase growth rate by5.2 per cent in next fiscal year. The government is likely to allocate 3billion for South Punjab secretariat.
