Overdue Royalty Charges Can now be Paid in Installments
|Reform Description||Overdue Royalty Charges Can be Paid in Installments
Before: Businesses of the mining sector in Balochistan were facing difficulty as if a mining lessee failed to pay for the royalty within time, his lease was cancelled.
After: Now after this reform, an option to pay overdue royalty in 4 equal quarterly installments has been provided in law.
|Sector||Mines and Minerals Sector|
|Beneficiaries||Businesses in Mines and Minerals Sector|
|Department||Mines and Minerals Development Department, Balochistan.|
|Date of Implementation||**-07-2021|
|Details||Difficulty||● In unforeseen circumstances where mining lessees were not in a position to pay royalty and payments were delayed, the lease was cancelled without providing an option to pay in installments.|
|Analysis||● It was observed that a system that allows overdues to be paid in installments should be created.|
|Solution||● Mining lease holders who were unable to clear their royalty payments due to any reason have now been provided an option to pay overdue royalty in 4 equal quarterly installments.|
Was this information helpful?
Let us know if you liked the content.