World Bank okays $150m plan to boost property tax collection in Karachi

ISLAMABAD: The World Bank has approved a $150 million programme to help the Sindh government improve urban property tax collection and strengthen municipal service delivery in 25 towns of Karachi. The Sindh Property Revenues Enhancement Programme (Sindh PREP) approved by the World Bank board of executive directors, will benefit Karachi’s 25 local councils. Its primary beneficiaries are the 3.58 million people living in these councils, where service delivery investments will be financed, the World Bank resident mission in Islamabad announced on Saturday. The programme will support the Sindh…