Govt revises vehicle registration, transfer fee in line with provincial budget
The latest reports suggest that registration fee for vehicles ranging from 1501cc to 2000cc has been reduced by one percent, now standing at 2% compared to the previous rate of 3%.


Lahore: The Excise and Taxation Department of Punjab on Saturday announced revisions to the vehicle registration and transfer fees in alignment with the budget presented by the caretaker government.
The latest reports suggested that registration fee for vehicles ranging from 1501cc to 2000cc was reduced by one percent, now standing at 2% compared to the previous rate of 3%.
In a move to promote electric vehicles, the government extended a 95% discount on motor vehicle tax for electric vehicles until June 2025. Additionally, a new withholding tax has been introduced for the registration of vehicles above 2001cc.
The transfer fee for commercial vehicles has been raised by Rs 1,000, resulting in a revised fee of Rs 5,000. These revisions in fees aim to streamline the process and ensure transparency in vehicle registration and transfers.
Furthermore, changes were made to the transfer fees for motorcycles, cars, rickshaws, and commercial vehicles. The transfer fee for motorcycles increased from Rs 150 to Rs 500, while for vehicles up to 1000cc, it was raised from Rs 1,200 to Rs 2,500.
For vehicles ranging from 1001cc to 1800cc, the transfer fee has been increased by Rs 3,000, now standing at Rs 5,000. Similarly, for vehicles above 1800cc, the fee was raised to Rs 10,000 compared to the previous amount of Rs 3,000.

The buzzy word that Democrats have pinned their hopes on
- 11 hours ago

Trump imposed Ukraine-related sanctions on Russia over the war
- 9 hours ago

Why Gen Z can’t stop watching bad takes
- 11 hours ago

PCB announced White-ball squads named for South Africa and tri-nation series
- 8 hours ago

Pindi Test: South Africa beat Pakistan by 8 wickets,series level by 1-1
- 5 hours ago

How the Supreme Court placed ICE above the law
- 11 hours ago

The leaked Young Republican group chat points toward a bigger problem
- 11 hours ago

Pakistan can help bridge differences between the US and China, pak ambassador
- 9 hours ago

Source: Titans releasing veteran WR Lockett
- 12 hours ago

Miankina amin’ny ranomasina izy ireo mba hivelomany. Saingy ankehitriny, miharava ny aina velona ao an-dranomasina.
- 2 hours ago

Pakistan,Poland agree to boost trade, strengthen bilateral ties
- an hour ago

Trump’s $230 million cash grab, briefly explained
- 11 hours ago