Karachi Metropolitan Corporation (KMC) will not impose new taxes from now on
Karachi residents will not be subjected to any new tax, nor will the rate of existing taxes be increased by the provincial capital’s cash-strapped municipal authority.
Instead, the Karachi Metropolitan Corporation (KMC) will utilize its existing resources and assets to increase its revenue to secure financial autonomy.
The decisions to this effect were reached as the Provincial Minister at the Government of Sindh for Local Government, Forests & Religious Affairs, Syed Nasir Hussain Shah, chaired the committee’s first meeting to increase the revenue of KMC.
The Karachi Administrator, Laeeq Ahmed, and other senior officials attended the meeting.
One of the methods to be adopted to increase revenue is making it compulsory to pay the utility charges whenever a transfer of ownership of any property takes place in Karachi.
The charges will be payable by residents and businesses alike to the KMC for providing municipal services in the city whenever a transfer of ownership of any property takes place in Karachi.
The Local Government Minister directed the Senior Member, Board of Revenue Sindh, to adopt a mechanism that will not allow the transfer of ownership of any property in Karachi without clearing the dues of utility charges.
He emphasized the need to adopt a transparent mechanism to collect taxes to benefit the public exchequer.
The rent of the 242 huts of the KMC on the famous Hawke’s Bay beach of Karachi-used by picnickers and beachgoers will be increased.
The KMC will also identify new sites in the city to establish fuel stations.
The Local Government Minister also directed the officials to utilize the public-private partnership (PPP) model of development for constructing a shopping mall in the posh Clifton area of the city.
He said the KMC owned 71 different markets in the city, and two or three should be selected to reconstruct them on modern lines under the PPP mode of development.
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