Punjab Motor Registration Authority is Earning 600% Profit from Vehicle Transfer Papers
Punjab Motor Registration Authority (PMRA) of Punjab’s Excise and Taxation Department (ETD) has been charging motorists an excess amount of Rs. 360 million in transfer deed charges annually, Tribune has reported.
An ownership transfer deed, which is mandatory for everyone seeking a change in the ownership of a vehicle, is only available at the PMRA and costs a motorist Rs. 300.
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However, PMRA gets transfer deeds printed from the Punjab Printing Press (PPP) for Rs. 48 each.
According to PMRA figures, 1.2 million transfer deeds are sold annually which means PMRA earns Rs. 360 million from these.
Transfer deeds cost motorists six-fold in Punjab tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.