Islamabad: Federal Minister for Kashmir Affairs and Gilgit Baltistan Mian Manzoor Ahmad Wattoo has said that no taxes will be imposed on the poor people of Gilgit-Baltistan.
A meeting was held to finalize the Establishment of Gilgit Baltistan Power Development Bill 2011 and Gilgit Baltistan Income Tax (Adaptation) Bill 2011, under the Chairmanship of Federal Minister for Kashmir Affairs and Gilgit Baltistan, Mian Manzoor Ahmad Wattoo, Pir Karam Ali Shah, Governor Gilgit Baltistan.
Syed Mehdi Shah, Chief Minister Gilgit-Baltistan, Aftab Shahban Mirani, Engineer Usman Khan Members Gilgit-Baltistan Council and other members of Council and representative of Gilgit-Baltistan Government were also present in the meeting.
The meeting held a thread bare discussion on adaptation of Income Tax in Gilgit-Baltistan. Federal Minister for Kashmir Affairs and Gilgit-Baltistan, Mian Mazoor Ahmad Wattoo said that taxes are collected for the development purpose.
He assured that the taxes would be collected only from well off people and companies doing business in the area and revenue so collected from the area will be utilized to meet development targets of Gilgit-Baltistan. He also directed the authorities concerned to establish tax infrastructure in Gilgit-Baltistan.
Governor Gilgit-Baltistan and Chief Minister also appreciated that tax collection is necessary for the development of the region and it will ultimately benefit the people of the area. It is pertinent to mention here that tax collected form GB will be consumed 100% in the Gilgit-Baltistan.
During the meeting Chief Secretary Gilgit-Baltistan briefed the Minister on the process of procurement and storage of wheat for Gilgit-Baltistan. The next Session of the meeting to finalize the discussion on Income Tax (Adaptation) Bill 2001, and Establishment of Power Development Board Bill 2011 will be held tomorrow at the same place.
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