The E-Stamping system has launched with the joint collaboration of PITB. The Board of Revenue Government of Sindh, and the National Bank of Pakistan (NBP).
The launching ceremony held at the Sindh CM House which attended by Revenue Minister Makhdoom Mehboob and chief secretary. Also senior member board of revenue, the president of National Bank and others.
Addressing the ceremony, CM Murad Ali Shah also said that the Stamp duty has reduced to 1pc from 2 per cent. Terming the launch of the E-Stamping system in Sindh as a milestone. Shah added that digital technology is bringing revolution across the globe.
He said that the E-stamping challan can obtained from the National Bank or online. The move will help the province in increasing revenue as the PPP’s government desire to expand the tax net.
For the people who are wondering how to use the new e-Stamping system. He/she need to have simply an internet connection. If the person wants to purchase the high-value non-judicial or judicial stamp papers. He will need to provide the data regarding the area he wants to purchase.
The system will automatically calculate the value of the stamp paper needed by the buyer. The names of the buyer, seller, and the person from whom the stamp papers will purchased will entered along with their CNIC numbers. The process is done and the purchaser will get the e-Stamp paper in just 15 minutes.