Overdue Royalty Charges Can now be Paid in Installments |
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Reform ID | B032 | |
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. |
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Sector | Mines and Minerals Sector | |
Beneficiaries | Businesses in Mines and Minerals Sector | |
Jurisdiction/Location | Balochistan | |
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. | |
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