After a long, chaotic hiatus, Karachi went to local government elections this past Sunday. Now the million-dollar question that has sprung up again is about the financial and administrative powers.
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July 13, 2021
The Sindh finance department, on instructions from Chief Minister Syed Murad Ali Shah, has released Rs32.4 billion for the completion of ongoing uplift schemes.
The department has already released Rs6,007.609 million to local bodies against their monthly the Octroi Zila Tax share and grant-in-aid.
“Sindh is the only province in the country that has released its budget in the first week of the new financial year 2021-22.” This was stated by Chief Minister Shah in a statement issued from the CM House on Monday.
Shah said the Octroi Zila Tax had been abolished in the year 1999, and in lieu of the abolished tax, the federal government released funds through regular fiscal transfers at 2.5 percent of the OZT. “The share is low as compared to the municipal responsibilities of local councils,” he said and added: “Upon the abolishing of the OZT by the federal government and low receipts being received by the Sindh province in lieu of OZT, the Sindh government is