News

e-Stamping System to be Implemented in KPK

Punjab Information Technology Board (PITB) and Khyber Pakhtunkhwa (KPK) Board of Revenue (BoR) have signed a Memorandum of Understanding (MoU) for the implementation of e-Stamping System in KPK at an event held at Arfa Software Technology Park.

PITB Chairman Azfar Manzoor, Senior Member KPK Board of Revenue Syed Zafar Ali Shah, and KPK Additional Secretary Finance Ammara Khan signed the MoU on behalf of their respective organizations. PITB’s DG e-Governance Sajid Latif, Director Hammad Hassan Hamdani, and representatives from KPK including Director Land Record KPK Mushtaq Hussain and Project Director e-Stamping KPK Shabbir Ahmed, and other senior officials were also present.

Speaking at the occasion PITB Chairman Azfar Manzoor said,

“PITB’s flagship project e-Stamping has achieved remarkable results across Punjab since its launch. A total of PKR 244 Billion of revenue has been collected through e-Stamping System in Punjab to date.” Azfar Manzoor further stated that PITB’s e-stamping system has revolutionized the traditional system and digitized the process of issuance of stamp paper for the convenience of the citizens. “Digitizing the issuance of stamp paper in KPK will increase revenue and bring transparency,” he added.

Senior Member KPK Board of Revenue Zafar Ali Shah commented that fraud, financial theft, and forgery, which were commonplace in the past, would now be eliminated through this system.

“The old system of obtaining stamp paper in KPK will be replaced with a modern tech-driven system. Implementing a modern system in the province with the help of PITB will bring transparency and eliminate corruption,” he stated.

Earlier on, PITB had also signed an MoU with the Government of Sindh in the same spirit and e-Stamping implementation is now underway in the province. The collection of stamp duty has been a major source of revenue for the Government of Punjab. The centuries-old process had major issues pertaining to citizen facilitation like leakage of revenue through fake and fraudulent practices. e-Stamping System has radically transformed the traditional procedure of stamp issuance minimizing the duration of issuance from 2-3 days to only 15 minutes.

Sponsored
Usman Aslam

A tech enthusiast, writer, researcher and strategist working on the latest technologies and making an impact. Usman has been heavily focused on building communities, empowering people through technological trends and advancements for over 3+ years including many notable names such as IEEE Region 10, TEDx, Google Developers, United Nations Programmes, Microsoft Partner Program and much more. Reach out: usman.aslam@techjuice.pk

Leave a Comment
Share
Published by
Usman Aslam
Tags: PITB

Recent Posts

SBP Chief Reports October Remittances Exceed $3 Billion

KARACHI: The State Bank of Pakistan (SBP) is anticipating $500 million from the Asian Development…

7 mins ago

Sindh Assembly Reveals 28,500 Govt Employees’ Spouses as Illegal BISP Beneficiaries

The Sindh Assembly was informed that over 28,500 employees of the provincial government were unlawfully…

1 hour ago

SBP Eases Policy Rate by 2.5% as Inflation Shows Steady Decline

The Monetary Policy Committee (MPC) of the State Bank of Pakistan decided to cut the…

1 hour ago

SECP to Host Pakistan Startup Summit in Karachi Next Week

The Securities and Exchange Commission of Pakistan (SECP) is organizing the Pakistan Startup Summit, which…

1 hour ago

Fake News by Pakistani AI Website Sparks Turmoil in Ireland

On October 31, 2024, Halloween was celebrated worldwide, and the holiday spirit still lingers. Pakistan…

2 hours ago

Pak Suzuki Drops Popular Graphite Grey from Vehicle Lineup in Pakistan

Pakistan Suzuki Motor Company (PSMC) has announced the discontinuation of the widely favored Graphite Grey…

2 hours ago