Bank of Punjab to collect Balochistan tax receipts

Published September 8, 2021
Logo of the Bank of Punjab. — Photo courtesy Bank of Punjab website/File
Logo of the Bank of Punjab. — Photo courtesy Bank of Punjab website/File

LAHORE: The Bank of Punjab has signed an agreement with the State Bank of Pakistan for collecting government receipts in Balochistan province.

A signing ceremony was held at the SBP head office and attended by SBP Deputy Governor Jamil Ahmed and BoP President & CEO Zafar Masud.

Under the agreement initiated by the Balochistan government, BoP will act as collecting agent of government receipts covering e-stamping and Land Record Management Information Systems in Balochistan.

It will also help tackle the issue of fake stamp papers and improve Balochistan government’s stamp duty receipts. The BoP has been working as agent bank for Punjab government receipts since 2016.

Mr Masud said they are very excited to work on this project and intend to offer their services to other provinces as well, learning from their experiences with the Punjab government, particularly in the areas of digital payments, low-cost housing, concessional financing, etc.

Published in Dawn, September 8th, 2021

Opinion

Who bears the cost?

Who bears the cost?

This small window of low inflation should compel a rethink of how the authorities and employers understand the average household’s

Editorial

Internet restrictions
Updated 23 Dec, 2024

Internet restrictions

Notion that Pakistan enjoys unprecedented freedom of expression difficult to reconcile with the reality of restrictions.
Bangladesh reset
23 Dec, 2024

Bangladesh reset

THE vibes were positive during Prime Minister Shehbaz Sharif’s recent meeting with Bangladesh interim leader Dr...
Leaving home
23 Dec, 2024

Leaving home

FROM asylum seekers to economic migrants, the continuing exodus from Pakistan shows mass disillusionment with the...
Military convictions
Updated 22 Dec, 2024

Military convictions

Pakistan’s democracy, still finding its feet, cannot afford such compromises on core democratic values.
Need for talks
22 Dec, 2024

Need for talks

FOR a long time now, the country has been in the grip of relentless political uncertainty, featuring the...
Vulnerable vaccinators
22 Dec, 2024

Vulnerable vaccinators

THE campaign to eradicate polio from Pakistan cannot succeed unless the safety of vaccinators and security personnel...