Latest news with #Excise&Taxation
Express Tribune
26-03-2025
- Business
- Express Tribune
Sindh revenue collection grows 37%
Sindh Chief Minister Syed Murad Ali Shah chaired a meeting to review the mid-year tax collection performance and found that against a target of Rs618,966 million, the provincial government agencies have recovered Rs312,000 million during the last eight months of 2024-25, indicating a 37 per cent growth compared to last year and achieving 50.41 per cent of the target. The meeting, held at the CM House, was attended by Minister Excise & Taxation Mukesh Kumar Chawla, PSCM Agha Wasif, SMBR Baqaullah Unar, Secretary Finance Fayaz Jatoi and Secretary Excise Saleem Rajput and others concerned. During the briefing, it was reported that the provincial tax collecting agencies have been assigned a target of Rs618,966 million for the 2024-25 fiscal year. The provincial government agencies were expected to collect Rs412,644 million during the eight months (July 2024 to Feb 2025); however, the actual collection was recorded at Rs312,000 million.
Express Tribune
14-03-2025
- Business
- Express Tribune
Punjab cracks down on tax defaulters
Listen to article The Punjab Excise & Taxation Department has announced a decisive crackdown on property tax defaulters, as well as officers failing to meet tax recovery targets. According to a press statement released on Friday, Director General Excise & Taxation, Umar Sher Chatha, emphasised that accountability will no longer be limited to tax defaulters alone; rather, the officers responsible for tax collection will also be held accountable for their performance. The DG Excise & Taxation stated that a comprehensive performance review is underway, and lists of underperforming officers are being compiled. Officers failing to meet their recovery targets will first be issued show-cause notices. If no improvement is seen, their salaries will be deducted, and by the end of the year, they will be removed from their positions, reads the statement. To achieve the Rs28 billion revenue collection target, the statement adds, the department is implementing stringent measures. The ETO Operations will directly monitor the recovery process to ensure efficiency, transparency, and accountability. Providing an update on enforcement actions, Umar Sher Chatha shared that in the past 12 days, a total of 12,000 properties in Lahore, defaulting on Rs860 million, have been sealed. Across Punjab, more than 38,000 properties, with outstanding dues of Rs1.5 billion, have been sealed. However, tax recovery efforts have led to the swift de-sealing of properties upon payment. In Lahore, 3,600 properties have been de-sealed after payments of Rs110 million, while across Punjab, 11,000 properties have been restored following recoveries amounting to Rs830 million. The DG Excise & Taxation issued a stern warning that no officer is authorised to illegally de-seal any property without proper tax payment.
