LAHORE - The Punjab Finance Minister on Tuesday said that the forthcoming provincial budget 2008-09, most probably, would be presented in the Punjab Assembly on June 17 and the government has decided to provide targeted subsidies on food items, agriculture and to the industry. The minister also disclosed that the government has decided to enhance the transfer fees on the sale and purchase of the land besides property tax to collect sufficient revenue during the next fiscal year. He said that the tax-collection system would be made transparent and the powers of collectors and inspectors would be curtailed. "We have decided to give subsidy on flour, ghee and pulses in order to provide relief to the poor in the upcoming budget. The concerned departments are developing a mechanism in this regard," Tanvir Ashraf Kaira told reporters after addressing the businessmen here at the Zonal Office of Federation of Pakistan Chambers of Commerce and Industry. Zonal Chairman of FPCCI Azhar Saeed Butt, Tanvir A Sheikh and a large number of traders and businessmen were also present on this occasion. Kaira said that the government would provide subsidy on fertilizers, seeds and electricity to the farmers boost the agriculture and to cut down the agricultural input cost. He said that the government would also give subsidy on the flour, ghee and pulses to provide cheap food to the poor and the government departments have been directed to develop a proper mechanism in this regard. He further said that the industrial sector would be provided land on lease in order to reduce the cost of doing business during the next fiscal year. He also claimed that the budget would be poor-friendly. He said that the Punjab would also take up the issue of re-adjustment of oil prices with the federal government. "We will seriously ask the federal government to readjust the prices after two or three months instead of fortnightly because the public has to suffer due to the anticipation of hike in fuel prices," he maintained. Tanir Ashraf said that the government has also decided to amend the constitution to impose property tax on the housing societies situated in the suburb of Lahore after bringing the societies into urban areas instead of the rural. He further assured the businessmen that the govt would ask the State Bank of Pakistan to review its L/C policy to redress the grievances of the businessmen.