KP government seeks permission from centre to collect Infrastructure Development Cess


Peshawar: KP government seeks permission from centre to collect Infrastructure Development Cess Khyber Pukhtunkhwa government on Wednesday demanded of the federal government to permit provincial government to collect Infrastructure Development Cess and charge Excise Duty on crude oil being produced in Khyber Pukhtunkhwa.

Senior Minister and minister finance Khyber Pukhtunkhwa Sirajul Haq told a news conference that provincial government has done all the necessary work to collect Infrastructure Development Cess but  the provincial government is still waiting for the permission which has been awaiting from the federal government.

Similarly, Siraj said Khyber Pukhtunkhwa is producing 40 thousand barrel daily and charging excise duty on the crude oil will contribute Rs 14.6 billion revenue annually  helping the province to overcome its financial problems.

Senior minister said that from last three years government of Khyber Pukhtunkhwa is waiting for the approval of federal government but no approval has been granted therefore without waiting for the next National Finance Commission Award federal government should permit province for collection of the duty.

He said that federal government has also imposed a cut of 22 billion on the provincial government’s share from devisable pool which will multiply the financial constraints of the province. “We would urge central government to re-consider its decision and give KP its full share from devisable pool” he said.

To a question, Senior minister said according to AGN  Qazi formula Wapda has to pay Rs 475 billion of net hydel profit.

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