Punjab – ‘Free Market System’ To Issue New Number Plates

Last week, we?told you that the Punjab Excise and Taxation Department has announced that multiple vendors will be used to issue new number plates in the province. According to the details, the steps are being taken to make the issuance process smooth, and that is why it is going to implement a “Free Market System.”?

One of the Excise officials told PakWheels.com?that the department is working on the new system and will announce it soon. “Under this new free system, multiple vendors will be given authority to issue new plates; however, the department will regulate it, including size, material, font, and shape of the plate,” the official explained, adding that a list of private vendors will be shared with the citizens.?

The biggest development under the new system is that the citizens will be able to get their plates from their own cities. “Earlier, the plates were only issued from Lahore by one company,” he stated. The department is planning to launch an awareness campaign after Eid and will hold a ceremony to announce it officially.?

A Way Forward?

According to details, in the last three years, over 3 million vehicle owners have paid the fee for new number plates, but many of them still haven’t received them, causing a serious problem for them.

With the aim of solving these problems, the provincial cabinet has decided to end the government’s control over number plate production. Instead, they are opening it up to competition. This means that more companies can now make and distribute number plates. Under the new system, people won’t have to pay fees for their number plates anymore. This is a big change from before when everyone had to pay.

The goal is to make the registration process smoother and easier for vehicle owners. Faisal Fareed, the Excise Director General, is leading the implementation of these changes. The government has already stopped collecting fees for new or duplicate number plates, which in turn will help people save money.

By allowing private companies to compete, the government hopes to improve efficiency and reduce costs for vehicle owners. They estimate that people could save up to Rs. 500 on number plates.

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