Tax Reforms: Punjab assures IMF of tax on agriculture, luxury goods

IMF delegation assured that cooperation and investment in health, education and energy sectors would be considered.

LAHORE:

Punjab Finance Minister Mujtaba Shujaur Rehman said on Friday that taxes had only been levied on affluent segments, while there was also a proposal to impose taxes on the agriculture sector in the new budget.

He was talking to a delegation of the International Monetary Fund (IMF).

The finance minister said that the agriculture tax would be implemented in phases, adding that property tax, motor vehicle
tax and tax on services
were the major sources of provincial income, which would increase due to reforms in the tax collection system.

The IMF delegation assured the provincial minister that cooperation and investment in health, education and energy sectors would be considered, as international monetary institutions were interested in these sectors.

Published in The Express Tribune, June 22^nd, 2013.

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