Peshawar: According to press reports, the University of Peshawar (UoP) signed an agreement with the German Agency for International Cooperation (GIZ) on Thursday (October 07) to modernise the property tax system.

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According to the agreement, the UoP will analyse the effectiveness of the Urban Immovable Property Tax (UIPT) system in Khyber Pakhtunkhwa (KP), while GIZ will pay the survey and give technical assistance in interpreting and presenting the data. The findings of the study will be used to alter the KP Excise and Taxation & Narcotics Control Department’s revenue collection method.

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Vice-Chancellor Prof Dr Muhammad Idrees, Secretary Excise and Taxation & Narcotics Control Department Khyber Pakhtunkhwa Syed Haider Iqbal, GIZ Head of Programme LoGo-II Sanjeev Pokharel, Economics Department Chairperson Dr Naila Nazir, Team Leader KP-UIPT-PDA Khalid Mehmood, and Coordinator DAC Dr Kashif Saeed signed the agreement at Peshawar University.

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