Areas Around Highways, Motorways to be Brought under Tax Net

tax net

The government of Punjab has taken the decision of bringing the agricultural lands along with the areas around the national and provincial highways and motorways in the tax net under the Punjab Finance Act, 2019.

As per reports, the decision was taken during the 37th meeting of the provincial cabinet led by Punjab Chief Minister Sardar Usman Buzdar at the Chief Minister’s Office on Monday. Provincial ministers, advisers, special assistants, chief secretaries, and secretaries of relevant departments attended the meeting.

The meeting also approved changes to the Punjab Motor Vehicle Transaction License Rules 2015. As per the amendments, unauthorized card dealers with more than 10 years of experience will be charged a security fee equal to the authorized dealer for registration, whereas unauthorized motor car dealers with less than 10 years of experience will be charged double the security fee of an authorized dealer.

Also Read: KCR to Charge Rs.50 on One-sided Journey

In the meantime, the provincial cabinet approved amendments and re-implementation of Punjab Overseas Pakistanis Act, 2014. Following the amendment, the number of members of the commission will be surged from 23 to 27, while the Overseas Pakistanis Commission Committees will be formed at the tehsil level on the pattern of District Overseas Pakistanis Commission Committees.

Similarly, the meeting approved to upgrade the Emerson College (Multan) to university, while Children’s Hospital and Institute of Child Health (Lahore) would also be upgraded to the status of ‘University of Child Health’.

More Read: CM Punjab Grants Approval to Set Up A University of Children Sciences

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