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September 25, 2021

Government Decides To Reverse Increasing Ratio Of Property Tax

Lahore: The Punjab government on Thursday (September 23) decided to withdraw the proposed increase in property tax in the upcoming cabinet meeting, according to news sources.

Provincial Minister Mian Aslam Iqbal met with Lahore Chamber & Commerce Industry (LCCI) President Mian Tariq Misbah and decided to reverse the increasing ratio of property tax. During the meeting, the provincial minister apprised the LCCI president regarding the business-friendly initiatives the government will adopt in the next few months.

Three more amendment bills related to Punjab Board of Revenue, Evacuee Property and Displaced Persons Laws (Repeal), and Punjab Wildlife Protection will be introduced, while the Punjab Commission for Regularization of Irregular Housing Schemes (amendment) Ordinance 2021 will also be laid before the house.

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