Rs 640 billon taxes collected in July-Nov 2011

Islamabad: Finance Minister’ Dr. Abdul Hafeez Sheikh told Prime Minister Yusuf Raza Gilani in meeting Friday that Rs 640 billion taxes were collected in first five months of current fiscal year – July to November, 2011 – reflecting 28% increase as compared to corresponding period of last fiscal.

He briefed on new mechanism formulated by the Cabinet Committee about restructuring of Public Sector Enterprises to make these viable commercial entities by introducing corporate culture.

Petroleum & Natural Resources Minister Dr Asim Hussain who also called on Gilani briefed on steps being taken by the Ministry for oil and gas supply to Independent Power Producers, domestic and industrial sectors in the country during winter.

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