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Business & Finance

Pre-budget debate opens in Punjab Assembly

Published Updated

punjab-assemblyLAHORE: Members of the Punjab Assembly on Wednesday emphasised the need for bringing about radical improvements in the existing tax system and demanded an effective strategy to discourage tax evasion.  In the pre-budget debate, which commenced today, the members advanced their proposals urging steps to restore people's confidence so that they could pay tax without hesitation.

Opening debate, opposition member Ehsanul Haq Naulatia observed that small cities were being neglected and funds allocated for their development were being diverted to big cities.

Maj Abdur Rehman Rana (retd) stressed the need for making a House's standing committee on budget to make more effective. He suggested that to alleviate poverty the government must conduct a survey and make fair utilisation of development funds to smaller cities.

Treasury member Mian Naveed Anjum stressed upon the construction of Kalabagh Dam to meet future energy needs.

PML-Q's Mohsin Khan Leghari said affluent must pay taxes. He wanted strict penalties for tax evaders.

The debate was continued when the chair adjourned the session for Thursday.

Copyright APP (Associated Press of Pakistan), 2012

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