Karachi, October 02, 2017 (PPI-OT): National Bank of Pakistan in collaboration with Punjab Excise and Taxation Department (E and T), is going to start the automation of collection process for Property Tax across Punjab. This collaboration is a step towards the vision of Punjab Government for complete E-governance of Excise and Taxation Department.
A MOU was signed for these services between National Bank of Pakistan (NBP) and the Excise and Taxation Department. Mr. Mudassir H. Khan, SEVP /Group Chief PS and DBG, National Bank of Pakistan and Dr. Ahmed Bilal, Secretary, Excise and Taxation Department signed the MOU at a local hotel in Lahore. Mian Mujtaba Shuja-ur- Rehman, Minister Excise and Taxation Punjab, chaired the ceremony, other senior officials of Excise and Taxation Department and NBP Senior Management Team were also present on the occasion.
The property tax collection was done through NBP branches manually but the implementation of this new system would make the process much easier for the customers, will provide Real Time Validation and will improve the process of reconciliation at E and T Department. NBP earlier also rendered its services to E and T Department for implementation of Dealer Vehicle Registration System (DVRS).
Mr. Mudassir Khan speaking at the occasion highlighted the need for automation and digitization in all Federal and Provincial Government Collection/ Payment services and said that “NBP is in process of developing systems for digitization of all G2P and P2G Payments. In some cases we have already executed projects for example Passport Fee collection as well as collection of taxes on behalf of Sindh Government”.
Moreover, National Bank of Pakistan will launch its mobile banking very soon. It is already under testing along with other digital services over the coming months. This will facilitate NBP’s customers for utilizing banking products and services at their fingertips and executing transactions on real time basis.
For more information, contact:
Vice President / Divisional Head (A)
National Bank of Pakistan (NBP)
Corporate Communication and Brand Management Division
Head Office, NBP Building, I.I. Chundrigar Road,