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World Bank approves $150m for Sindh property tax and municipal services

The Sindh Property Revenues Enhancement Program will back urban immovable property tax collection and the service delivery capacity of selected local councils, Karachi foremost.

Skardu Times desk1 min read
World Bank approves $150m for Sindh property tax and municipal services

The World Bank Group's Board of Executive Directors has approved $150 million in financing for a Sindh programme to improve urban property tax collection and municipal service delivery, with Karachi named as the main focus.

The Sindh Property Revenues Enhancement Program, or Sindh PREP, is to support the provincial government in improving collection of urban immovable property tax (UIPT) and in strengthening the service delivery capacity of selected local councils, the Associated Press of Pakistan reported.

APP filed the report from Islamabad on 31 October and drew on a World Bank news release, which it did not carry in full. 24 News HD and Traders Union reported the same approval and the same $150 million figure. 24 News HD described the money as financing for improving Sindh's property tax revenue.

The reports did not name the local councils covered by the programme, give its duration, or set out the conditions attached to the financing. They carried no estimate of the additional revenue the programme is expected to raise and no figure for Sindh's present urban immovable property tax collection.

The World Bank's board of executive directors is the body that signs off on the institution's financing operations. The approval announced on 31 October is for the provincial government in Sindh, and the reports framed it around municipal services in the province, naming Karachi in particular.

APP's dispatch identified urban immovable property tax as the revenue instrument the programme targets, with local councils the channel through which services are to be delivered. Neither the provincial government nor the World Bank was quoted beyond that summary in the reports available.