PMDC paid Rs. 2.183 billion in taxes, dividends during three years

The Pakistan Mineral Development Corporation (PMDC) has produced around 4.07 million tons (mt) salt and 1.6 mt coal from its mines operating in different parts of the country during the last three years.

The corporation has also contributed taxes and dividends of Rs2183.781 million to national exchequer during the period.

“The corporation produced 1,313,009 tons salt in the year 2014-15, 1,433,152 tons in 2015-16 and 1310,427 tons in 2016-17 from Khewra, Makrach, Warcha, Kalabagh and Jatta/B.Khel mines,” official sources told APP.

While, coal production from Sor-Range, Degari, Sharigh and Lakhra mines stood at 514,469 tons in the fiscal year 2014-15, 557950 tons in 2015-16 and 581,518,950 tons in 2016-17, they added.

Replying to a question, the sources said the corporation was in process of installing salt grinding plants at Warcha Salt Mines for production of powdered salt and iodized table salt.

It is also establishing plants for production of Gypsum powder and Plaster of Paris for domestic sale and export.

Answering a question, they said the corporation contributed taxes and dividends of Rs2183.781 million to national exchequer during the period.

The corporation paid Rs519.459 million in 2014-15, Rs902.404 million in fiscal year 2015-16 and Rs761.918 million in 2016-17 on account of different taxes and dividends, they said.

Giving break up, the sources said, Rs927.423 million were paid under the general sales tax head, out of which payment of Rs220.184 million was made in 2014-15, Rs328.993 in 2015-16, and Rs378.246 million in 2016-17.

While, it deposited Rs465.831 million royalty, out of which Rs153.220 million were in 2014-15, Rs156.646 million in 2015-16,  and Rs155.965.684 million in 2016-17.       

On account of income tax, the corporation paid Rs92.521 million in 2014-15, Rs127.830 million in 2015-16 and Rs116.767 million.

An amount of Rs31.481 million has been deposited under the head of excise duty including Rs9.534 million in 2014-15, Rs11.007 million in 2015-16 and Rs10.940 million in 2016-17.

In addition to taxes, the sources said, dividends amounting to Rs188 million have been paid to national exchequer, out of which Rs44 million were paid in 2014-15 and 2015-16, while Rs100 million were paid in 2016-17.

Posted on: 2018-01-30T14:39:00+05:00