Ghazan holds out assurance for abolishment of property tax in Peshawar industrial estates.

PESHAWAR -- Special Assistant to Chief Minister on Excise and Taxation, Syed Ghazi Ghazan Jamal has held out assurance regarding abolishment of 'property tax' for Hayatabad Industrial Estate and Small Industrial Estate Kohat Road Peshawar from the next financial year.

He made this announcement while talking to industrialists during a meeting held under chairmanship of Sarhad Chamber of Commerce and Industry president Sherbaz Bilour here at the chamber house on Friday, says a press release issued by SCCI.

The SACM said the incumbent government is committed to boost industrialization in the province and for this purpose consultation has been initiated by taking all relevant departments to end double/triple taxes.

The meeting was attended by the SCCI Senior Vice president Engr Manzoor Elahi, vice president Junaid Altaf, former president FPCCI Ghazanfar Bilour, former presidents Engr Maqsood Anwar Pervaiz, Malik Niaz Ahmad, Zulfiqar Ali Khan, Riaz Arshad, executive committee members Muhammad Naeem Butt, Ahmad Mustafa, Muhammad Tariq, Industrialists Association Hayatabad Peshawar president Zarak Khan, Smeda provincial chief, Rashid Aman, industrialists, exporters and importers were present in a large number.

CM aide informed that the property tax would be abolished in Hayatabad Industrial Estate and Small Industrial Estate Kohat Peshawar through a finance bill in the upcoming fiscal year.

Similarly, he said the government has notified collection of property tax on the basis of measurement instead of rental value.

He furthermore added that the steps are being taken to boost up industrialization as well as revival of trade and economic activities.

For this purpose, he said all facilities were provided to businessmen in the province.

Ghazan Jamal admitted that the role of private sector is vital for creating job opportunities, assuring that the provincial government will fully support and provide relief to every extent.

He also disclosed that the government intends to bring holistic changes in the finance bill for FY 2021-22...