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Urban property tax base expansion: WB board approves USD150m for Sindh PREP
ISLAMABAD: The World Bank Group’s Board of Executive Directors has approved USD150 million in financing for the Sindh Property Revenues Enhancement Program (Sindh PREP), under which the provincial government plans to expand the recorded urban property tax base more than fivefold — from around 397,375 to 2.15 million properties — in 20 local councils. The programme will improve urban property tax collection and strengthen municipal service delivery in Sindh. “Cities that can raise their own revenues can plan and invest for the long term,” said Bolormaa Amgaabazar, World Bank Country Director fo...
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