Gilgit-Baltistan: Manzoor Watoo directed authorities to establish tax infrastructure in Gilgit-Baltistan

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ISLAMABAD, Sep 23 (APP): Federal Minister for Kashmir Affairs and Gilgit Baltistan, Mian Manzoor Ahmad Wattoo said no taxes will be imposed on the poor of Gilgit-Baltistan.Only the well-off segment of society in GB would be taxed which are being decided to be Consumed completely in GB.It was told during a meeting held to finalize Establishment of Gilgit Baltistan Power Development Bill 2011 and Gilgit Baltistan Income Tax (Adaptation) Bill 2011.
Karam Ali Shah Governor GB, Syed Mehdi Shah Chief Minister GB,  Aftab Shahban Mirani, Engineer Usman Khan Members Gilgit-Baltistan Council and other members of Council and representative of Gilgit-Baltistan Government were also present.
Wattoo said taxes, which are collected for the development purpose,would only be collected from well off people and companies doing business in GB.
“The revenue collected through taxes would be utilized to meet   development targets of Gilgit-Baltistan,” he added.
The minister directed authorities concerned to establish tax infrastructure in Gilgit-Baltistan.
The Governor Gilgit-Baltistan and Chief Minister also appreciated that tax collection is necessary for the development of the region that would ultimately benefit people of the area.
Tax collected form GB will be consumed 100% in the Gilgit-Baltistan.
The Secretary Gilgit-Baltistan briefed on the process of procurement and storage of wheat.
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