e-Stamping for Transparent Asset Transactions in Pakistan

By Nisar Ahmad -

PITB is currently working on e-Stamping project in collaboration with Board of Revenue and Public Banks to issue stamp papers in a short span of time using online registration and payment processes.
Stamp papers are the medium to legally document property and commercial transactions. They are also a source for Board of Revenue to collect taxes in the form of stamp duties which is 3% of the transaction value. e-Stamping would be a transparent system of stamp issuance and duty collection while making the whole process convenient for citizens.
How e-Stamping Works?
The proposed system will be online and any person desiring to purchase a high value non-judicial stamp can access the system by a simple internet connection. The names of the buyer, seller and the person through whom ...

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