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Budget 2017-18: Rs14.3b proposed for Customs, IR, transit trade projects

byCT Report
16/05/2017
in Islamabad, Latest News
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ISLAMABAD: The Revenue Division has suggested allocation of Rs14.298 billion for its 41 projects including construction of several Customs collectorates, Regional Tax Offices (RTOs) and Integrated Transit Trade Management System (ITTMS).

The projects would be carried out under the Public Sector Development Programme (PSDP) in upcoming financial year (2017-18).

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An amount of Rs200 million has been proposed for establishment of Inland Revenue offices all across the country, while Rs150 million each would be utilised for construction of Model Custom Collectorate at Gawadar and construction of Regional Tax Office at Islamabad.

In addition, Rs25 million has been proposed for feasibilities of Model Customs Collectorate in Gawadar, RTOs in Islamabad and Sardogdha and Directorate of Intelligence and Investigation-IR in Karachi.

The Revenue Division has proposed Rs59.470 million for its ongoing project of construction of Zonal Office and Transit Accommodation at Kohat, Rs49.470 million for construction of Transit Accommodation for MCC Faisalabad, Rs59.250 million for purchase of land for Regional Tax Office Peshawar and Rs59.710 million for construction of warehouse for Model Custom Collectorate (Preventive) Karachi.

The Revenue Division proposed Rs 55 for construction of warehouse for model custom collectorate at Thokar Niza Baig Lahore, Rs35 million for purchase of land for Directorate of Intelligence and Investigation-IR at Islamabad, Rs59.5 million for purchase of land for Regional Tax Office (RTO) Lahore and Rs32.852 million for construction of additional floor on existing transit accommodation (IR) Sutluj Block, Allama Iqbal Town Lahore.

Similarly Rs50 million each have been proposed for reconstruction of Regional Tax Office Sargodha and construction of office of Intelligence and Investigation-IR, Karachi.

The Revenue Division has proposed Rs10,500 million for development of Integrated Transit Trade Management System (ITTMS) under Asian Development Bank (ADB) Regional Improving Border Service Project. The Asia Development Bank would be providing aid of Rs10,000 million during the upcoming year, the sources said. The total cost of ITTMS projects has been estimated at Rs31,626 million with foreign exchange amount of Rs26,049 million.

The Revenue Division has also proposed Rs1,743 million for project for security improvement in Karachi Port and Port Qasim for installation of three fixed and one mobile scanner. The amount would include Rs1,703 million as foreign exchange component and would be completed with the assistance of Japan International Cooperation Agency (JICA).

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