Punjab Finance Minister Hashim Jawan Bakhat Tuesday announced that the Punjab Annual Development Plan (ADP) for 2020-21 will be Rs 350 billion which will gradually increased in future years.
Addressing a pre-budget public private partnership dialogue organised by Punjab Board of Investment and Trade (PBIT), he assured that the private sector issue of issuance of certification will also address in the next budget for which private sector will be given opportunity for work instead of establishment of authorities in public sector.
The Punjab government will facilitate the private sector and single tax return form is ready which will be launched after resolving the matters in national tax form. The provincial government is committed to remove the obstacles for the private sector while tax and stamp duties were cut down for the construction sector already while 50 more taxes will be eradicate in the Budget 2020-21.
Hashim Jawan Bakhat informed that on the demand of Sailkot Chamber of Commerce and Industry, duties from imports for exporting sector were exempted. He mentioned that establishment of modern police stations were started in Punjab while on the demand on business and traders communities, these polices stations would be established in commercial centers on priority basis. Further, revival of ring road was also done while work on Southern loop was underway.
The minister asked the private sector to come up with their proposals before the budget and highlight their issues with the Public sector so that these issues would be addressed in the budget.
