Lahore: PKR 100 billion has been generated through the e-stamp paper system and an event was held to celebrate the landmark that had been the revenue collection target, a news source reported. Speaking on the occasion, Provincial Finance Minister Hashim Jawan Bakht stated that in the next five years, the targets for e-procurement and e-payments will also be met.
He also said that Punjab has the potential to be the Silicon Valley of South Asia. He also congratulated Punjab Information Technology Board (PITB) and Federal Board of Revenue (FBR) on the increased revenue generation.
PITB Chairman told the attendees that e-stamp papers are a historic development. Now citizens can get stamp papers within minutes and verify it through SMS or website.
The new e-stamp paper system launched in December 2016 brought an end to the 70-year-old mechanism of issuing judicial and non-judicial stamp papers. The old system was prone to causing issues such as forgery, fraud, and backdating. The new system has also made access to information and relevant data easier.
