KMC can collect Rs4.5b annually in taxes: mayor
City Mayor Murtaza Wahab has asserted that the Karachi Metropolitan Corporation (KMC) has the potential to collect Rs4.5billion annually in taxes. Speaking informally outside the Sindh High Court (SHC) on Thursday, he underlined the significant responsibility placed on the KMC whenever issues arise within the metropolitan city, often likened to the “fatherly figure” role. “The municipal tax collection agreement with K-Electric excludes the cantonment areas,” Wahab said and expressed optimism that the implementation of a digital system would help combat issues such as the parking mafia. Highlighting systemic challenges, the mayor underscored the need for transparency and accountability in tax collection, noting that the current system, which relies heavily on cash receipts, lacks clarity regarding the total revenue collected. He stressed the importance of a transparent system to accurately track revenue and expenditures, ensuring efficient allocation of resources for the benefit of the ...