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Excise increases rates of computerised number plates in Punjab

LAHORE: The Punjab Excise and Taxation Department has increased rates of computerised number plates after the approval of the Punjab government. Chief Minister of Punjab Mian Muhammad Shahbaz Sharif has approved the summery that was sent by excise regarding the increase in rates of computerized number plates. According to this summery, rate for new computerised number plates will be charged ... Read More »

Excise Dept issues notices to 3,000 owners of car, bike showrooms

SIALKOT: The Excise and taxation Department has issued the notices to as many as 3000 owners of the car and motorcycles show rooms and property dealing office   for their registration with E&T Department in Gujranwala Division’s all the Sialkot, Narowal, Gujrat, Mandi Bahaud Din, Hafizabad and Gujranwala districts. The Punjab government has announced to bring them under the tax net, ... Read More »

Punjab govt approves 8000 low-income houses at 20% down payment, 10 installments

LAHORE: The Punjab government has approved the construction of 8,000 low-income housing units in Lahore on public-private partnership. The apartments, ranging from 500, 600 and 700 square feet, will be given to low-income group people at Rs 925,000, Rs 1110,000, and Rs 1295,000, respectively. The decision was taken in a Public-Private Partnership Steering Committee meeting held under the chairmanship of ... Read More »

Punjab suspends Ujala scheme due to heavy import duty

LAHORE: The Punjab government has suspended the import of solar panels for Ujala programme in Punjab due to 32 percent raise in import duty. The government has started a programme to provide solar lamps to the brilliant students of matriculation and intermediate because of load shedding. In the fiscal year 2012-2013, the Punjab government distributed 200,000 solar lamps among the ... Read More »

LCCI smells a rat in gas closure to Punjab industry

LCCI president says government’s discriminatory attitude has put question mark on its ability to manage and govern things   LAHORE: The Lahore Chamber of Commerce and Industry on Tuesday said gas closure for Punjab Industry was a well-calculated conspiracy against the Nawaz Sharif-led government. In a statement issued, LCCI President Ijaz A Mumtaz said, “The rise in number of unemployed ... Read More »

 LHC adjourns luxury tax case until 20th

LAHORE: The Lahore High Court has adjourned hearing against luxury tax until 20 November. The Punjab government has imposed a luxury tax on two or more than two kanal houses in various areas.Several citizens took stay order against the tax and the LHC is hearing the case. As many as 70 applications have been filed in the Lahore High Court against the luxury ... Read More »

Govt introduces welfare projects thru commercial use of Railways land

LAHORE: A senior official of Punjab government has said that the provincial government has decided in principle to get opportunities for commercial utilization of railway lands, specially those near railway stations. The government, the official said, had constituted a committee headed by the Chief Secretary for preparing recommendations on practical possibilities to promote commercial and business activities at Railway land. A ... Read More »

Punjab mulls utilization of railways land for commercial purposes

LAHORE: The Punjab government is contemplating utilizing railway lands for commercial purpose, specially those near railway stations. According to officials, the Punjab government has constituted a high-level committee headed by the Chief Secretary for preparing recommendations to explore possibilities fro the promotion of commercial and business activities at Railway lands. The committee has been given one month to complete the ... Read More »

LHC issues stay order against luxury tax

LAHORE: The Lahore High Court issued a stay order on three more applications against luxury tax and issued notices to the Chief Secretary and the Secretary Excise. The LHC asked parties to reply until November 10. The Lahore High Court has already has issued a stay order on luxury tax that was imposed by Punjab Government in 2013 Financial Bill. The ... Read More »

Punjab Board of Revenue decides to introduce e-stamp paper

LAHORE: The Punjab Board of Revenue has decided to introduce e-stamp paper which will not only save millions of rupees, but also facilitate the citizens online. This step will be supportive to control the bogus stamp papers. Through this process, the citizens will feed data online and system will provide them a specific code. Credit cards will be accepted for the paper payment ... Read More »

Multan Excise gets Rs 2 billion target for FY 2014-15

MULTAN: The Punjab government has given a Rs 2 billion target to the Multan Excise and Taxation Department for the fiscal year 2014-15. The department was assigned Rs 143 million target in the fiscal year 2013-14. The Multan Excise and Taxation Department achieved the tax revenue target of Rs 143 million in the fiscal year 2013-14 due to a collective ... Read More »

Two years pass without computerised number plates

SIALKOT: The Excise and Taxation Department has so far not issued as many as 200,000 computerised number plates after a lapse of more than two years in Gujranwala Division. According to details, the Punjab government had computerised all the record of the motor registration branches across the Punjab in July 2007. The E&T Department had collected Rs 400 per motorcycle ... Read More »

1000MW solar park: Chinese company given LoI without bidding

ISLAMABAD: Punjab Power Development Board (PPDB) has issued Letter of Interest (LoI) to a Chinese Telecom Company for constructing solar park of 1000 MW at Bahawalpur without any process of transparent selection and competitive bidding, it is learnt reliably. According to details, reportedly the PPDB has issued LoI to a Chinese investment firm for construction of solar park in Bahawalpur ... Read More »

Mujtaba hopes Punjab Revenue Authority would collect Rs 80 billion in FY 2014-15

Punjab Finance, Excise and Taxation minister says they are going to set up an anti-narcotics wing in Excise and Taxation Department after Punjab CM’s approval   LAHORE: Highlighting performance of the Punjab Revenue Authority, Punjab Finance, Excise and Taxation and Parliamentary Affairs Minister Mujtaba Shujaur Rehman on Monday said that the authority had collected Rs 48 billion last year and ... Read More »

LHC extends luxury tax stay order

LAHORE: The Lahore High Court on Wednesday extended the stay order regarding luxury tax on houses with more than two kanals of land. The LHC again issued a notice to the Punjab government to submit reply regarding application lodged against the imposition of luxury tax. Applicant Zain Shahzad’s lawyers took stance that the Punjab government could not collect dual property taxes. On the other ... Read More »

Govt flayed for delaying auto policy

ISLAMABAD: All Pakistan Motor Dealers Association (APMDA) has accused the government of ‘intentionally’ delaying auto policy and said that yellow cab deal between Pak Suzuki Company and Punjab government is the main cause behind postponement. APMDA Chairman HM Shahzad alleged that Suzuki Company had provided the Punjab government more than 50,000 vehicles for yellow cab scheme at discount rate and ... Read More »

FCCI underlines collaborative efforts for Punjab industrial uplift

FAISALABAD: The Faisalabad Chamber of Commerce and Industry (FCCI) has stressed the need for cooperation among the business community, the Punjab government and USAID to promote trade and industry in the province. Addressing a USAID delegation on the Punjab Enabling Environment Project (PEEP), FCCI President Engineer Suhail Bin Rashid underlined the importance of small and medium entrepreneurs in the overall ... Read More »

Gujranwala Excise collects Rs1b in 7 years

SIALKOT: The Excise & Taxation department has collected Rs1 billion in categories of registration and lifetime token tax fee on motorcycles as 1.45 million motorcycles worth of Rs20.5 billion were sold during last seven years in Gujranwala region. According to the excise officials, the major reason behind the growing number of purchase of motorcycles was unaffordable fares of public transport ... Read More »

Punjab puts off GST levy on private schools until next budget

LAHORE: Punjab Minister for Finance, Excise and Taxation Mian Mujtaba Shujaur Rehman declared that levy of proposed GST on private schools, charging more than Rs5,000 fee per student, had been deferred until next budget. The minister made the remarks at a conference organized by All Pakistan Private Schools Management Association (APPSMA) ‘apparently’ in bid to placate the representatives of Private ... Read More »

Punjab likely to tax ads display at highways, hostels, guesthouses

LAHORE: The Punjab government is considering taxing display of advertisements at highways hostels, guesthouses and on internet, and reviewing the proposals for increasing tax on various services. The issue was discussed during a meeting of Resource Mobilisation Committee which was chaired by Punjab Finance Minister Mujtaba Shujaur Rehman here. MPAs – Dr Aisha Ghaus Pasha, Sheikh Allauddin, Rana Babar Hussain, ... Read More »