The Government of Balochistan has launched an online tax collection system of the Excise and Taxation Department. Speaking on the occasion, the Balochistan Chief Minister Jam Kamal Khan Alyani said that financial resources of the province will be enhanced from the current Rs15 billion to Rs40bn per annum in the next few years through good governance and making tax collecting machinery more effective.
At the launch of the online system, Founder of the ruling Balochistan Awami Party Syed Saeed Ahmed Hashmi, Adviser to the CM on Excise and Taxation Malik Naeem Bazai, provincial ministers were also present.
On the occasion, Jam Kamal congratulated the government and said, “By introducing the new and modern tax collection system we wanted to secure the future of our coming generation making the province financially stable.”
According to the chief minister the new system will help Balochistan in facing its current financial crisis as reforms are needed along with restructuring of institutions, amendments in the existing rules and service structure. He also added that the current pension bill in Balochistan was Rs23bn and is soon to go up to Rs200bn in the next five years.
Furthermore, according to him they are to raise the annual income of Balochistan from Rs15bn and to the goal of Rs40bn in the next few years.
Speaking on the occasion, adviser to the CM on Excise and Taxation Malik Naeem Bazai said “The excise department is collecting six types of taxes for the provincial and federal governments in Balochistan. Our tax collection target is more than Rs2bn for this year.”
Reference Links: www.dawn.com