AIRLINK 200.02 Increased By ▲ 6.46 (3.34%)
BOP 10.23 Increased By ▲ 0.28 (2.81%)
CNERGY 7.83 Decreased By ▼ -0.10 (-1.26%)
FCCL 40.00 Decreased By ▼ -0.65 (-1.6%)
FFL 16.80 Decreased By ▼ -0.06 (-0.36%)
FLYNG 26.50 Decreased By ▼ -1.25 (-4.5%)
HUBC 132.79 Increased By ▲ 0.21 (0.16%)
HUMNL 13.99 Increased By ▲ 0.10 (0.72%)
KEL 4.67 Increased By ▲ 0.07 (1.52%)
KOSM 6.57 Decreased By ▼ -0.05 (-0.76%)
MLCF 46.66 Decreased By ▼ -0.94 (-1.97%)
OGDC 211.89 Decreased By ▼ -2.02 (-0.94%)
PACE 6.89 Decreased By ▼ -0.04 (-0.58%)
PAEL 41.34 Increased By ▲ 0.10 (0.24%)
PIAHCLA 17.02 Decreased By ▼ -0.13 (-0.76%)
PIBTL 8.13 Decreased By ▼ -0.28 (-3.33%)
POWER 9.37 Decreased By ▼ -0.27 (-2.8%)
PPL 181.45 Decreased By ▼ -0.90 (-0.49%)
PRL 41.60 Decreased By ▼ -0.36 (-0.86%)
PTC 24.69 Decreased By ▼ -0.21 (-0.84%)
SEARL 112.25 Increased By ▲ 5.41 (5.06%)
SILK 1.00 Increased By ▲ 0.01 (1.01%)
SSGC 44.00 Increased By ▲ 3.90 (9.73%)
SYM 19.18 Increased By ▲ 1.71 (9.79%)
TELE 8.91 Increased By ▲ 0.07 (0.79%)
TPLP 12.90 Increased By ▲ 0.15 (1.18%)
TRG 67.40 Increased By ▲ 0.45 (0.67%)
WAVESAPP 11.45 Increased By ▲ 0.12 (1.06%)
WTL 1.78 Decreased By ▼ -0.01 (-0.56%)
YOUW 4.00 Decreased By ▼ -0.07 (-1.72%)
BR100 12,170 Increased By 125.6 (1.04%)
BR30 36,589 Increased By 8.6 (0.02%)
KSE100 114,880 Increased By 842.7 (0.74%)
KSE30 36,125 Increased By 330.6 (0.92%)

The provincial Cabinet of Khyber Pakhtunkhwa Monday approved 'Khyber Pakhtunkhwa Zakat and Usher Bill 2011' for running the system of Zakat effectively in the province. After the abolition of the concurrent list, alternative legislation had become inevitable for the province. The Cabinet also reviewed progress on the implementation of the decisions taken in its previous meetings.
The meeting of the provincial Cabinet was held here at the Civil Secretariat with KP Chief Minister Ameer Haider Khan Hoti in the Chair. Provincial Minister for Information Mian Iftikhar Hussain said that before the passage of 18th Constitutional Amendment, the department of Zakat was on the concurrent list and after its abolition, the province was required to make alternative legislation to run the system of Zakat in the province.
The bill, he said was presented before the Cabinet, which after a thorough discussion approved it and now it will be tabled in the provincial assembly. He said that under the new bill, the provincial Zakat council will prepare annual Zakat budget and the funds would be transferred to district Zakat committees and local committees will distribute the funds among the deserving people.
The Khyber Pakhtunkhwa Zakat and Usher Council will comprise of 12 members, a chairman, five council members including two Islamic scholars, two women while provincial secretaries finance, Zakat and health will be ex-officio members of the Council.
In settled areas, a local Zakat committee would comprise of one revenue estate while in unsettled rural areas it would be at the level of village. The Cabinet also approved 'Khyber Pakhtunkhwa Establishment of Information Technology Board Bill 2011' under which a board would be established for the promotion of IT sector in the province.
Meanwhile, the Cabinet deferred the decision to exempt industries and industrial estates from UIP tax saying waiving the tax will incur a loss of Rs 9 million to the government. Later, briefing the media, Hoti said that the cabinet in its last meeting had directed the department of industries to consider the exemption of industries and industrial estates from UIP tax in light of the industrial policy after consultation with the departments of local government, excise and taxation, and finance. The department was directed to file a report in this regard within two months. He informed that the department of industries in view of financial crunch has proposed deferring of the matter for the time being.

Copyright Business Recorder, 2011

Comments

Comments are closed.