Senior Member of the KPK Board of Revenue Zafar Ali Shah stated that the system will reduce fraud, money theft, and forgeries, which were previously 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 said.
Earlier, in the same spirit, PITB inked an MoU with the Government of Sindh, and e-Stamping implementation is presently underway throughout the province. The collecting of stamp duty has been a significant source of revenue for the Punjab government. Also read, According to the World Bank, Pakistan Is Not Ready For 5G The centuries-old method has severe concerns with citizen facilitation, such as revenue leakage through bogus and fraudulent operations. The e-Stamping System has drastically changed the traditional stamp issue technique, reducing the issuance time from 2-3 days to approximately 15 minutes. Also read, Vivo sub-brand iQOO Unveils, the iQOO 9 and iQOO 9 Pro