At an event held at Arfa Software Technology Park, the Punjab Information Technology Board and the Khyber Pakhtunkhwa Board of Revenue signed a Memorandum of Understanding (MoU) for the implementation of an e-Stamping System in KPK. “PITB’s flagship initiative e-Stamping has achieved tremendous achievements across Punjab since its introduction,” said PITB Chairman Azfar Manzoor. Too far, the e-Stamping System in Punjab has generated a complete of Rs. 244 billion in revenue.” Azfar Manzoor went on to say that the PITB’s e-stamping expertise has remodeled the outdated technique and computerized the method of issuing stamp paper for the good thing about residents. “Digitizing stamp paper issuing in KPK would enhance income and promote transparency,” he famous.
Senior Member of the KPK Board of Revenue Zafar Ali Shah said that the system will cut back fraud, cash theft, and forgeries, which had been beforehand frequent. “In KPK, the traditional way of getting stamp paper will be replaced with a new technology-driven system.” “Implementing a contemporary system in the province with the assistance of the PITB will promote transparency and reduce corruption,” he stated.
Earlier, in the identical spirit, PITB inked an MoU with the Government of Sindh, and e-Stamping implementation is presently underway all through the province. The gathering of stamp responsibility has been a major income for the Punjab authorities.
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The centuries-old technique has extreme issues with citizen facilitation, similar to income leakage by way of bogus and fraudulent operations. The e-Stamping System has drastically modified the standard stamp situation approach, lowering the issuance time from 2-3 days to roughly quarter-hour.
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