Karachi:The World Bank Group’s Board of Executive Directors has approved $150 million in financing for a program aimed at improving urban property tax collection and strengthening municipal service delivery in Sindh, with a focus on Karachi.
According to Radio Pakistan, World Bank Country Director for Pakistan Bolormaa Amgaabazar stated that local councils in Sindh currently depend on provincial transfers for over 95% of their revenues.
The Sindh Property Revenues Enhancement Programme is designed to support the provincial government by enhancing urban immovable property tax collection and bolstering the service delivery capacity of selected local councils. This initiative is anticipated to improve the financial sustainability of local governments and enhance the provision of essential municipal services.
