The Capital Development Authority (CDA) board has sent a summery to the Cabinet Division proposing increase in property tax, water charges and conservancy charges. The increase will be implemented after an approval from the Prime Minister (PM). According to reports, the property tax will be increased to 60 per cent, while water charges and conservancy charges will be raised to 100 per cent, which will raise the recovery target of the Revenue Department to Rs1,400 million. The tax on toll plazas in the federal capital has also been proposed to be increased to 40 per cent. The Revenue Department of CDA directorate recovered Rs 686 million in terms of property tax till May 31 during the fiscal year 2012-2013. The figure is expected to rise up to Rs700 million till June 30. During the current fiscal year, Rs185 million were recovered till May 31 in terms of water charges, while the recoveries will cross Rs 200 million till June 30. Regarding the increase in charges, the CDA officials are of the view that the tax charges have not increased in recent years, therefore it is needed. Talking about the proposed raise in the charges, the residents said that people are already suffering due to rise in tax and inflation and hope that the PM will not approve of the increase.
