AGL 40.39 Increased By ▲ 0.39 (0.98%)
AIRLINK 126.90 Decreased By ▼ -0.14 (-0.11%)
BOP 6.61 Decreased By ▼ -0.06 (-0.9%)
CNERGY 4.42 Decreased By ▼ -0.09 (-2%)
DCL 8.53 Decreased By ▼ -0.02 (-0.23%)
DFML 41.71 Increased By ▲ 0.27 (0.65%)
DGKC 86.60 Decreased By ▼ -0.25 (-0.29%)
FCCL 32.13 Decreased By ▼ -0.15 (-0.46%)
FFBL 64.88 Increased By ▲ 0.08 (0.12%)
FFL 10.17 Decreased By ▼ -0.08 (-0.78%)
HUBC 109.35 Decreased By ▼ -0.22 (-0.2%)
HUMNL 14.66 Decreased By ▼ -0.02 (-0.14%)
KEL 5.11 Increased By ▲ 0.06 (1.19%)
KOSM 7.42 Decreased By ▼ -0.04 (-0.54%)
MLCF 41.26 Decreased By ▼ -0.12 (-0.29%)
NBP 59.79 Decreased By ▼ -0.62 (-1.03%)
OGDC 193.75 Increased By ▲ 3.65 (1.92%)
PAEL 28.13 Increased By ▲ 0.30 (1.08%)
PIBTL 7.77 Decreased By ▼ -0.06 (-0.77%)
PPL 150.75 Increased By ▲ 0.69 (0.46%)
PRL 26.41 Decreased By ▼ -0.47 (-1.75%)
PTC 16.11 Increased By ▲ 0.04 (0.25%)
SEARL 78.39 Decreased By ▼ -7.61 (-8.85%)
TELE 7.46 Decreased By ▼ -0.25 (-3.24%)
TOMCL 35.47 Increased By ▲ 0.06 (0.17%)
TPLP 8.24 Increased By ▲ 0.12 (1.48%)
TREET 15.95 Decreased By ▼ -0.46 (-2.8%)
TRG 52.65 Decreased By ▼ -0.64 (-1.2%)
UNITY 26.63 Increased By ▲ 0.47 (1.8%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,941 Increased By 57.7 (0.58%)
BR30 30,909 Increased By 309.4 (1.01%)
KSE100 93,883 Increased By 527.2 (0.56%)
KSE30 29,079 Increased By 148.1 (0.51%)

It is essential to promote new tax culture in order to enhance provincial revenue, and also ratio of various taxes should be made market-based so that maximum resources could be collected and used for the welfare of the public. Punjab Finance Minister, Tanvir Ashraf Kaira expressed these views while addressing a meeting of Resource Generation Committee here on Friday.
The Minister said a tax policy unit would be set-up in Board of Revenue so that maximum facilities could be provided to tax-payees. "Tax collection system should be more effective and simple so that maximum people could be accommodated," he added.
He directed that Excise and Taxation Department and Board of Revenue to work hard to achieve the revenue targets and it is very essential to adjust the current ratio of various taxes according to market base. He also directed the E&T department to launch a drive for collecting token tax and also seek co-operation from traffic police in this regard.

Copyright Business Recorder, 2009

Comments

Comments are closed.