Punjab Government to impose huge new taxes in the provincial budget: Report
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*LAHORE – **Punjab Government is likely to impose huge new taxes in the provincial budget, Media Reports have revealed.*
*The Punjab government to impose new taxes worth of 25 to 30 billion in next budget, the reports said.*
According to the reports, the provincial government is expected to impose new taxes on people and suggestions to collect property taxes from motorways and restaurants.
The reports said that the Punjab government has prepared the documents to impose taxes of 25 to 30 billion in next fiscal year. It also said that government is mulling to increase agriculture income tax and suggestions to impose new carbon tax on use of fuel are also under consideration.
The reports further reported that the government is considering widening the professional tax while professional tax on lawyers has been delayed, adding that the government is also considering to impose tax on beauty salons.
It was proposed to increase the development fund from 275 to 305 billion rupees in next fiscal year. The government is also considering to allocate 14 billion rupees to complete Orange Line Metro Train.
On the other hand Punjab government is planning to increase growth rate by 5.2 per cent in next fiscal year. The government is likely to allocate 3 billion for South Punjab secretariat.
