The Gilgit-Baltistan Council has formed a committee for carving out a comprehensive and viable taxation policy. Member Gilgit-Baltistan Council, Amjad Hussain Advocate who is also the chairman of the select committee on Public Accounts told this correspondent that next meeting is being called shortly to work out the task and reach a friendly policy so that it could be implemented in this area for speedy progress and development of the region.
He said the amount of tax will be deposited in the account of Gilgit-Baltistan Council. He said that consultation with Federal Bureau of Revenue has been made so that the revenue generation system in this part of country could be introduced properly. He said that 20 percent of the total amount will go to federation and 20 percent will go to the council, while 60 percent is the share of G-B, he added. The share of G-B would be spent on development of the area besides administrative expenditures, he said.