IlluMyFi

In a significant stride toward enhancing transparency in property and land transactions, Punjab's Caretaker Chief Minister Mohsin Naqvi inaugurated an e-registry model centre in Lahore on Saturday. Speaking at the inauguration ceremony, Chief Minister Naqvi revealed that a total of 221,000 e-registries have been completed to date. The e-registry indeed is a ground-breaking initiative for which the provincial CM deserves applause as it carries immense significance for the real estate sector. The system, designed to eliminate manual processes, promises to address several longstanding issues plaguing property transactions including fraud and corruption. One of the primary benefits of the e-registration system is its potential to eliminate possibilities of tax evasion in property transactions. By moving to a digital platform, the government gains better oversight and can track transactions more effectively, reducing the likelihood of tax-related discrepancies. Digital registration significantly reduces the time and effort involved in traditional paperwork, ensuring a more expedited and transparent process for both buyers and sellers. This not only enhances overall business efficiency but also contributes to a more investor-friendly environment. The integration of the e-registry system with e-stamp, land record management and NDRA is a noteworthy feature. This integration will ensure that property transactions are not only recorded digitally but are also securely verified against a robust database. Such connectivity minimizes errors, ensures data accuracy and facilitates a seamless exchange of information between relevant authorities. Punjab's e-registry initiative serves as a model for other provinces to follow suit. In today's world, embracing technology has become imperative in all sectors due to its transformative power in enhancing efficiency, transparency and accessibility. Technology provides the tools to streamline processes, reduce manual errors and increase overall productivity. Across industries, from healthcare to finance and governance, integrating technology not only catalyzes innovation but also addresses longstanding challenges. Punjab government has showcased its commitment to harnessing technology and we expect that it will continue its endeavors to integrate technology across various domains, thereby facilitating the masses with improved services.

Sentiment

Bearish/Bullish

13.01.24 09:43

by pakobserver.net

Your common courtyard..! - Pakistan Observer

PARK your taxi to the side of the road! I told the taxi driver gently as he got out of his cab to go to the local temple. "Are you the police?" he asked me. "No!" I said. "Then mind your own business!" I knew where he lived and that evening I went over to his place. He opened the door, stared at me, then said, "You have come to harass me again?" "No," I said, "I have come to visit you! May I come in?" "Okay," he said uncertainly and ushered me into his home, a small tenement measuring just around two hundred square feet. There was a TV in one corner and a huge double bed at the other where all his family were perched watching the evening program. "You keep your home very neat!" I said pleasantly. "We have to," he said, "Otherwise we will be falling over everything which is out of place, so I have trained the children that if they take out anything they put it back where it belongs!" "Excellent!" I said, then looked at the children, "You have a good father who has taught you well," then saw a look of puzzlement on the taxi driver's face, "You are saying something," he said. "I have not said anything," I told him as his face broke into a big grin. "What are you smiling at?" I asked. "I understand," he said, "Why you have come here!" "You do?" I asked. "You are telling me that if I am so neat in my house I should also be neat outside isn't it?" "Is that the message you are getting?" I asked innocently. "But this morning you told me to mind my own business if I was not the police. There is a Chinese saying," I continued, "that a common courtyard is swept by none, and yet I wonder why? Why shouldn't we who are so clean and neat in our own homes not treat the outside roads and open places as an extension of our homes? Why?" The taxi driver pondered over my statement, then said, "Maybe what you've just asked has the answer, that if we thought of the whole country as our own home, we would treat it as such, I think that is what I am going to teach my children from now on!" I walked my dog the next day and found the taxi driver rushing to the temple, he grinned as he reached the entrance and pointed to his cab, it was parked alongside the curb, and the traffic around flowed smoothly even as he was inside worshipping. The common courtyard was no more common, he had made it his own, what about you?