Director General Faisal Fareed leads Punjab tax modernization drive

The Punjab Excise, Taxation & Narcotics Control Department, under the leadership of Director General Faisal Fareed, is embarking on a journey to modernize the professional tax system through automation. With a bold revenue target of 20 billion rupees set for the collection from 2.4 million properties, the department is determined to boost tax collection efficiency in the region. Fareed emphasized the importance of adapting to the changing economic landscape to effectively tackle revenue challenges.

In response to the significant decline in vehicle sales, which Fareed attributed to the escalating prices of vehicles over the years, the department is actively exploring innovative strategies to breathe new life into the automotive sector and stimulate consumer demand. To achieve this, collaborative efforts with local government authorities are being prioritized to expand the tax base and enhance compliance among taxpayers.

The department's primary focus remains on improving tax collection mechanisms and fostering seamless coordination among various agencies to meet fiscal targets. By forging strong partnerships with local government bodies, the department aims to not only enhance tax collection efficiency but also drive economic growth across the region. The ultimate goal is to simplify processes and catalyze economic development in Punjab.