Over Rs800bn collected through e-Pay Punjab
LAHORE: The Punjab government has collected over Rs 800 billion in tax revenue through 'e-Pay Punjab', a flagship digital payment solution developed by the Punjab Information Technology Board (PITB) in collaboration with the Punjab Finance Department.
This was highlighted during a progress review meeting presided over by PITB Chairman Faisal Yousaf here on Friday. Launched in October 2019, e-Pay Punjab has facilitated over 86 million online transactions, revolutionising how citizens pay government dues and taxes. The platform allows hassle-free payments for 87 different taxes or levies from 18 government departments, eliminating the need for physical visits and curbing reliance on middlemen and agent mafias.
The meeting was further told that since its launch, e-Pay Punjab has generated substantial revenue across key tax streams, including over Rs 564 billion in Sales Tax, over Rs 39 billion in Property Tax, over Rs 35 billion in Token Tax and over Rs 19 billion through traffic challans. Over 5.8 million users have downloaded the e-Pay Punjab mobile app.
Speaking on the occasion, PITB Chairman Faisal Yousaf said that e-Pay Punjab has not only empowered citizens with convenient, transparent payment options but also significantly strengthened the provincial treasury.
'We are continuously enhancing the platform by integrating more services to ensure safe, fast and user-friendly digital payments from the comfort of one's homes,' he added.
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
4 hours ago
- Business Recorder
Pakistan debt stock reaches all-time high of Rs75trn
KARACHI: The federal government's total debt stock surged by over Rs 6 trillion during the first ten months of this fiscal year (FY25) due to massive borrowing to finance the budget deficit. According to a statistic released by the State Bank of Pakistan (SBP) on Wednesday, the central government's total debt, comprising domestic and external liabilities, rose by 9 percent during July-April of FY25. Overall, the stock reached an all-time high level of Rs 74.936 trillion by the end of April 2025 compared to Rs 68.914 trillion as of June 2024, depicting an increase of Rs 6.022 trillion. The major growth in debt stocks was attributed to domestic borrowings, which rose by 11.37 percent or Rs 5.363 trillion to reach Rs 52.523 trillion in April 2025 up from Rs 47.16 trillion in June 2024. The domestic debt comprised long-term loans worth Rs 44.132 trillion and short-term borrowings amounting to Rs 8.328 trillion. Pakistan govt's debt stock soars to Rs73.6trn by March-end External debt, in rupee terms, saw an increase of Rs 659 billion during the first ten months of FY25, reaching Rs 22.413 trillion by the end of April 2025 compared to Rs 21.754 trillion in June 2024. The SBP reported that the Weighted Average Customer Exchange Rate of the US dollar was Rs 278.3668 in June 2024 and Rs 280.9739 in April 2025. The federal government's debt showed a notable increase of Rs 1.248 trillion in April 2025 due to massive borrowing to finance the budget deficit. On a month-on-month (MoM) basis, the federal government's debt stock rose by 2 percent from Rs 73.688 trillion in March 2025 to Rs 74.936 trillion in April 2025. Analysts noted that the tax collection by the Federal Board of Revenue (FBR) is 26 percent higher during the first eleven (July-May) months of this fiscal year compared to previous year; however, cumulatively FBR has failed to achieve the target. The shortfall in revenue collection has compelled the federal government to borrow from domestic and external resources. FBR had missed its revenue collection target by some one trillion rupees in the first eleven months of this fiscal year due to lower imports and slowing economic growth. The FBR has collected some Rs10.233 trillion between July-May of FY25 as against the budgetary target of Rs11.241 trillion for the same period. The SBP has already emphasised the need for a sharp acceleration in tax revenue growth to meet the annual targets. Achieving the primary balance target remains a significant challenge for the government. Copyright Business Recorder, 2025
Business Recorder
7 hours ago
- Business Recorder
JI chief meets Bangladesh's ambassador
LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem-ur-Rehman met with Bangladesh's Ambassador to Pakistan Iqbal Hussain Khan. The meeting focused on bilateral relations, regional dynamics, and matters of mutual interest. Talking on the occasion, Rehman emphasized that both Pakistan and Bangladesh face similar challenges in the realms of defense and security. He called for stronger cooperation between the two countries, especially in sectors such as defense, education, trade, and technology. 'Pakistan and Bangladesh have entered a new era of friendship,' he said, underscoring the importance of deepening people-to-people connections and fostering closer ties at the societal level. He stressed that the people of both nations share historical and cultural bonds and cannot be separated by past divisions. 'Strengthening mutual friendship will contribute to the progress of both countries,' he remarked. Copyright Business Recorder, 2025
Business Recorder
8 hours ago
- Business Recorder
NBP surpasses Rs100bn financing
KARACHI: National Bank of Pakistan (NBP) has achieved a major milestone, surpassing Rs 100 billion in total outstanding loans secured against gold, serving both the agriculture and consumer segments. With over 173,000 valued borrowers, NBP's Gold Loan portfolio is one of the fastest-growing and most secure consumer lending products in the banking industry. These loans offer quick, easy processing and are designed to meet urgent financial needs with minimal hassle, ensuring customers' gold remains safe and returned in full upon repayment. Sharing his views, Rehmat Ali Hasnie, President NBP, said, 'This milestone is a testament to the unwavering trust of our customers placed in National Bank of Pakistan. We remain firmly committed to delivering secure, accessible, and efficient financial solutions. Gold Loan portfolio continues to empower individuals and communities across Pakistan, helping them unlock opportunities. Our teams believe in innovation and expansion to promote financial inclusion and drive sustainable economic growth.' As one of Pakistan's leading financial institutions, NBP is committed to driving progress and securing brighter futures for all its customers. This milestone signals the start of a dynamic new chapter in the Bank's journey - one defined by deeper financial inclusion, enhanced customer trust, and unwavering service excellence. Copyright Business Recorder, 2025
