Friday, September 24, 2021

Vehicle transfer paperwork generates a 600 percent profit for the Punjab Motor Registration Authority

APR is earning 600 percent profit on vehicle transfer documents. Punjab engine registration authority Sources have reports that the Punjab Motor Records Authority (PMRA) of the Punjab Department of Excise and Taxation (ETD) charge motorists an excess of Rs 360 million per year in transfer charges.

A property transfer act is only available at the PMRA and costs a driver Rs. 300, obligatory for everyone who seeks a change to own the motor vehicle. A speaker at ETD explained that every profit from the sale of transfer acts is kept in a revolving fund and is used on various ETD projects, ultimately benefiting the people. The ETD speaks for itself.

The spokesman added that the earnings are not deposited with anyone but are audited annually in the State Treasury.

Related Articles

The Samsung Galaxy S22 been revealed and claims to outperform rival manufacturers in terms of photography performance

Samsung is still working hard behind the scenes on the next big thing. In this situation, we may have some new information about one...

MG Pakistan warns that it would sue anyone who spreads false information or conducts fake campaign against its brand

In an official statement, MG Pakistan stated that specific individuals or incorporated firms are actively engaged in its defamation; however, no names were provided....

World’s first battery-electric freight train is significantly more powerful than 100 Tesla automobiles

The world's first battery-electric freight train was introduced earlier this month at an event in Pittsburgh, Pa., as part of a renewed effort by...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

The Samsung Galaxy S22 been revealed and claims to outperform rival manufacturers in terms of photography performance

Samsung is still working hard behind the scenes on the next big thing. In this situation, we may have some new information about one...

MG Pakistan warns that it would sue anyone who spreads false information or conducts fake campaign against its brand

In an official statement, MG Pakistan stated that specific individuals or incorporated firms are actively engaged in its defamation; however, no names were provided....

World’s first battery-electric freight train is significantly more powerful than 100 Tesla automobiles

The world's first battery-electric freight train was introduced earlier this month at an event in Pittsburgh, Pa., as part of a renewed effort by...

KP government would review the papers of a girl who scored 1100/1100 on her Matric exam

After some students received full scores, the Education Department in Khyber Pakhtunkhwa (KP) has launched an investigation into the marking of matriculation and intermediate...

British PM compliments PM Imran Khan’s 10 Billion Trees Project, urging the world to follow Imran Khan’s lead on climate change

In yet another nod to Prime Minister Imran Khan's efforts to mitigate the effects of climate change, UK Prime Minister Boris Johnson mentioned Pakistan's...