Excise department to facilitate MTPL implementation for public benefit

News Image

MG News | April 16, 2025 at 03:56 PM GMT+05:00

April 16, 2025 (MLN): The Department of Excise, Taxation, and Narcotics Control will take the necessary steps to facilitate the implementation of Motor Third-Party Liability (MTPL), prioritizing the benefits for the general public.

This was stated by Mukesh Kumar Chawla, Minister for Excise, Taxation, and Narcotics Control, during a meeting chaired by him.

The meeting focused on discussing the implementation of MTPL insurance across the province and outlining a way forward, as per the press release issued today.

Mujtaba Ahmad Lodhi, Commissioner Insurance, Securities and Exchange Commission of Pakistan (SECP), also assured the Government of Sindh and the insurance industry of the SECP’s full support in promoting and executing this critical reform.

During the meeting, the Commissioner Insurance stressed the importance of implementing MTPL in Sindh comprehensively and transparently, with the active involvement of all licensed insurance companies.

He highlighted that this reform is essential to ensuring financial protection for road users and promoting responsible driving behaviour.

Minister Chawla assured the delegation of the Sindh government’s full support, reiterating his commitment to advancing this public interest initiative.

The meeting marks a significant step toward enhancing road safety and expanding insurance coverage for vehicle owners and commuters in Sindh.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 170,765.22
212.46M
0.16%
266.28
ALLSHR 103,241.06
481.66M
0.13%
137.96
KSE30 50,813.89
65.25M
0.15%
74.20
KMI30 244,391.30
71.96M
0.08%
186.13
KMIALLSHR 66,928.26
309.74M
0.08%
55.24
BKTi 47,274.31
12.11M
0.30%
141.41
OGTi 35,009.43
4.22M
0.13%
46.86
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 84,915.00 85,730.00
84,230.00
5.00
0.01%
BRENT CRUDE 104.89 106.40
104.34
-1.71
-1.60%
RICHARDS BAY COAL MONTHLY 130.00 0.00
0.00
6.50
5.26%
ROTTERDAM COAL MONTHLY 137.10 0.00
0.00
-0.80
-0.58%
USD RBD PALM OLEIN 1,167.50 1,167.50
1,167.50
0.00
0.00%
CRUDE OIL - WTI 92.63 94.75
92.04
-1.98
-2.09%
SUGAR #11 WORLD 18.61 18.75
18.43
0.00
0.00%

Chart of the Day


Latest News
September 25, 2026 at 06:15 PM GMT+05:00

Asaan Tax Scheme draws nearly 10,000 shopkeepers in first month


September 25, 2026 at 05:25 PM GMT+05:00

PSX Closing Bell: Bulls Keep It Close


September 25, 2026 at 04:50 PM GMT+05:00

Searle swings to Rs536m profit, declares Rs1/share dividend


September 25, 2026 at 04:24 PM GMT+05:00

Trust Securities & Brokerage eyes PVARA licenses, SPAC launch



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg