Lahore: Under a revenue recovery mechanism, the Anti-Corruption Establishment (ACE) has decided to recover the rental fee from shops that are established on state land, according to the news sources. This recovery system will issue an identification number to over 40,000 shops across the province.
The sources reported that this improved revenue system was initiated to boost state cash inflow, and prevent corruption. The department has set a target to increase the provincial revenue by PKR 10 billion, by issuing identity numbers to all the shops standing on state land.
It was claimed that presently only PKR 2 billion were being collected annually from the shops on state land by the provincial government, but ACE plans to eliminate corruption to boost provincial growth. The department has created a data summary to record previous, current and deposit statuses. It also has details about the date and period of agreements. This summary will be presented to the Punjab government. The government will issue a letter to the Lahore Development Authority, Board of Revenue (BoR), Auqaf Department, and local bodies to uphold this recovery system to increase revenue.
Using the Identity number, the renters will pay their rents and arrears in the concerned banks. Any violators will be flagged, and will face legal consequences.
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