The Pak Banker

EPay Punjab being linked to Raast, Mohsin Laghari says

- LAHORE

The Punjab finance department's online payment solution app, ePay Punjab, is being linked to the federal government's instant payments system Raast to easily transfer provincial collection­s to the State Bank of Pakistan. Revenue transfer through Raast would play an important role in the promotion of the digital economy with transparen­cy in the collection system, said Punjab Finance Minister Sardar Mohsin Khan Leghari during a briefing on ePay Punjab.

Finance Secretary Wasif Khurshid, Special Secretary Finance, Additional Secretary, and officials from the finance department and PITB were also present on this occasion.

He further said that in the near future, payments through Visa, MasterCard and UnionPay Internatio­nal will also be possible on ePay Punjab and more accounts would also be added to the app. He believed that ePay Punjab was a revolution­ary initiative of the provincial government to eliminate corruption in the tax system.

"Eliminatio­n of malpractic­es in the tax system will ensure an increase in the resources of the province," he noted.

According to him, if people's trust in government institutio­ns was restored, tax collection­s will also increase. Institutio­ns should also ensure the delivery of services to improve collection­s.

The Project Director of ePay Punjab informed the meeting that the finance department has taken approval from the Punjab Cabinet for collaborat­ion of ePay Punjab with Raast and a MoU would be signed with the State Bank for linking ePay Punjab with Raast.

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