Thursday, 18 August 2022
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FINANCE

E-stamping Revenue Reaches Rs. 201.3 Billion at year end 2020

E-Stamping, a flagship project of the Punjab Information Technology Board (PITB), aims to automate the issuance of stamps in Punjab. Since its launch in November 2014, e-stamping has now achieved a milestone of Rs.201.3 billion revenue in 2020 As of December 31, 2020. The total revenue collected using this e-stamping system is over PKR 201 billion. A total of 8.1 million e-stamps issued during the year with over 10.9 million transactions.

E-stamping ensures smoothing of property and business transactions in Punjab. This is to minimize the sale and purchase of fraudulent and counterfeit stamp papers. PITB has also developed a mobile app for auditors so that they can easily verify e-stamp paper and challan 32-A. The names of the buyers, sellers and the person through whom the stamps purchased entered into the system along with their CNIC number. PITB has also set up a central database for e-stamping system which has made the verification process easier for the citizens.

Top-Tax-Consultants-Lahore-Pakistan-Global-Tax-Consultants
A d v e r t i s e m e n t

PITB along with other stakeholders launched several apps for the convenience of the people of Punjab. More recently, PITB has introduced a “Rasta App” to help you drive in thick fog. Similarly, for the convenience of teachers, PITB and SED jointly launched an online retirement system. All these projects are playing a key role in making the country digital.

e-Stamping revenue generated in previous years

e-stamping facility satisfaction level

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