FBR, ET& NC Punjab sign MoU for database integration

News Image

MG News | September 15, 2020 at 04:55 PM GMT+05:00

Sep 15, 2020: The Federal Board of Revenue (FBR) and Excise, Taxation and Narcotics (ET& NC ) Department of Punjab have signed a Memorandum of Understanding (MoU) for real-time integration of data bases.

The MoU signing ceremony was held at office of Director General ET& NC in Lahore, said FBR press release issued here Tuesday adding that Minister for Excise and Narcotics Punjab Hafiz Mumtaz Ahmad, Member IT, FBR Asim Ahmad, Secretary Excise and Taxation Wajeehullah Kundi, Chairman Punjab Revenue Authority Mr Zain Ul Abideen Sahe and DG Excise/Taxation Masood Ul Haq attended the ceremony.

The MoU would enable FBR to get hold of CNIC based data of vehicles, properties and professionals along with allied details.

Likewise, data of guest houses, ginning factories and other registered professionals as per law would be accessible to ET&NC department of Punjab.

The MoU is covered in terms of confidentiality of data and caters for data needs of both organizations for future initiatives as well, the statement added.

This step would be extremely helpful to identify the potential taxpayers and plug revenue leakages as both parties have shown resolve to extend maximum facilitation to each other for increasing tax collection.

It was also agreed that data sharing would be done through secure web service without human involvement.

The statement said that FBR believed that such initiatives could help a great deal in documentation of economy and was desirous to make such agreements with other relevant organizations.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 179,571.27
436.67M
1.06%
1878.35
ALLSHR 108,600.94
844.23M
1.00%
1073.54
KSE30 53,548.42
162.02M
0.99%
525.53
KMI30 256,725.70
154.74M
0.76%
1936.43
KMIALLSHR 70,620.69
563.61M
0.98%
683.55
BKTi 48,625.03
36.31M
1.37%
658.39
OGTi 37,179.52
8.29M
0.94%
345.85
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 60,815.00 61,150.00
60,590.00
980.00
1.64%
BRENT CRUDE 72.42 73.51
72.34
-1.32
-1.79%
RICHARDS BAY COAL MONTHLY 115.00 0.00
0.00
0.50
0.44%
ROTTERDAM COAL MONTHLY 126.50 126.50
125.90
0.50
0.40%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 69.18 70.21
69.11
-1.16
-1.65%
SUGAR #11 WORLD 14.01 14.09
13.81
0.06
0.43%

Chart of the Day


Latest News
June 24, 2026 at 06:36 PM GMT+05:00

Shifa earns historic dual JCI honor


June 24, 2026 at 06:15 PM GMT+05:00

SCRA balance drops Rs915m to Rs26.3bn


June 24, 2026 at 05:00 PM GMT+05:00

Pakistan showcases basmati, eyes deeper EU trade ties



Top 5 things to watch in this week

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