CPEC to help increase tax receipts



QUETTA:

Balochistan Minister for Finance Sardar Abdur Rehman Khaitran said on Wednesday that the China-Pakistan Economic Corridor (CPEC) will enhance the provincial government’s tax collection.

Speaking at a post-budget news conference, the minister predicted that the CPEC projects and development of mining sector would increase tax and non-tax revenue of the province in
the future.

“CPEC will multiply tax collection. Billions of rupees have been allocated for plenty of mega projects to be initiated in Balochistan. The businesses, as a result of the investments, will pay tax,” he maintained.

“These include Nag-Washuk road project, construction of small and medium dams, water-solar schemes, highway security projects, provision of laptops and internship to students, and dams and roads for south Balochistan,” he added.

To a question, the minister mentioned that the government accorded priority to the education, employment and health sectors as 1.8 million families will be provided with health cards facility.

“A total of 8,000 people mainly from Chaghi and Taftan areas of Balochistan will be given employment opportunities, as agreed upon by the mining company in the Reko Diq project,” he contended.

Khaitran underscored that the government took serious steps for resolving the Reko Diq investment dispute and tried to bring maximum possible benefit to the province along with foreign direct investment, in addition to bringing vast economic resources and employment opportunities.

THE ARTICLE ORIGINALLY APPEARED ON THE CHINA ECONOMIC NET

 

Published in The Express Tribune, June 24th, 2022.

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Originally published at tribune.com.pk

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