KP Govt legislates eight financial rules.

PESHAWAR -- The Khyber Pakhtunkhwa government since 2018 have legislated eight financial rules for bringing economic stability in the province, stated a budget document issued here on Monday.

According to the document, provincial government led by Chief Minister Khyber Pakhtunkhwa Mahmood Khan had approved eight financial rules that had been converted into acts.

The passed rules were included Khyber Pakhtunkhwa Revenue Authority Act to enable KP Revenue Authority to be administratively, financially and functionally autonomous with a lean overarching structure.

Infrastructure Development Cess Act to legislative and regulatory framework to tap the real potential of infrastructure Development Cess on sustainable basis.

Sales Tax on Services Act to enhance ease of doing business and provide clarity in tax assessment, jurisdiction and calculation.

Fiscal Responsibility and debt Management Act to enable the government to maintain debt at sustainable levels...