Sindh government despite having financial autonomy under the 18th Constitutional Amendment was not increasing the Octroi Zilla Tax (OZT) of the civic bodies of the province in accordance with population, it emerged on Wednesday. According to KMC Sajjan Unions President Syed Zulfikar Shah, It has been decided in the Provincial Finance Commission (PFC) award that OZT share of the civic bodies will be increased by 20 percent every year for smooth functioning of civic bodies including Karachi Metropolitan Corporation (KMC). He said that although it was mandatory under the PFC to disburse the financial resources among the civic bodies keeping in view population and other requirements in mind, funds to the KMC were being released in accordance with 1998 census despite the fact that the citys population has been doubled in the last 15 years. He accused Sindh government of not adopting smooth process of disbursement of funds to the civic bodies despite getting allocation of Rs 200 billion for civic bodies of the province under National Finance Commission (NFC) award. On the other hand, KMC and district municipal corporations are still waiting for the implementation of the decision concerning 20 percent extra share of OZT. Sources regretted that Sindh finance department has, so far, failed to honour its commitment of increasing OZT share by 20pc. brecorder/taxation/181:pakistan/1218149:civic-bodies-share-in-ozt-not-increased/?date=2014-08-28
Posted on: Thu, 28 Aug 2014 02:00:53 +0000
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