Significant decline in tax, non-tax revenue

Provincial Revenue Review Committee sets target of Rs85 billion revenue collection

PESHAWAR:

There has been a considerable decline in the tax and non-tax revenue in Khyber-Pakhtunkhwa in the first six months of this fiscal years. It was revealed during a meeting of the Provincial Revenue Review Committee which has set an ambitious target of Rs85 billion revenue collection.

The meeting, chaired by Finance Minister, Ahmed Rasool Bangash and Finance Secretary, Amer Sultan Tareen, convened at Minister’s office Civil Secretariat, Peshawar. The strategic session, brought together key stakeholders from major revenue-generating entities in the province.

Read KPRA contributes 71% of K-P’s tax revenue

Entities such as Khyber-Pakhtunkhwa Revenue Authority, Excise and Taxation, Board of Revenue, Transport, Energy, Industries, Health, Home, Mines and Minerals, Police, and the local government department participated in this pivotal session.

The focus was on the Provincial Own Source Revenue (OSR), encompassing both tax and non-tax elements, including provincial taxes, fees, and fines collected for regulatory purposes.

Published in The Express Tribune, January 11^th, 2024.