Pakistan, Oct. 30 -- The World Bank Group's Board of Executive Directors today approved US$150 million in financing for the Sindh Property Revenues Enhancement Program (Sindh PREP). The program will improve urban property tax collection and strengthen municipal service delivery in Sindh. The Sindh Property Revenues Enhancement Program (Sindh PREP) will support the Government of Sindh in improving urban immovable property tax (UIPT) collection and strengthening municipal service delivery capacity in selected local councils of Sindh. Despite being one of the world's largest cities, Karachi currently collects only approximately US$8.5 million annually in property tax while cities of similar size collect 82 to 350 times more. The program aims t...