PESHAWAR: Khyber Pakhtunkhwa Information Technology Board (KPITB), Board of Revenue and Bank of Khyber (BoK) have signed a Memorandum of Understanding (MoU) on the Service Level Agreement regarding E-Stamping.
The signing ceremony to this effect was held here at the office of Senior Member Board of Revenue in which Khyber Pakhtunkhwa Minister for Revenue and Estate Nazir Ahmed Abbasi, Senior Member Board of Revenue Ikramullah, Member Board of Revenue (Admin) Aamir Latif, Managing Director Bank of Khyber Sher Muhammad, Managing Director Khyber Pakhtunkhwa Information Technology Board Akif Khan, and other senior officials were present, said a press release issued here Tuesday.
Addressing the meeting, Provincial Minister of Revenue and Estate Nazir Ahmad Abbasi said that E-Stamping is a very important initiative of the Board of Revenue. Stamp duty is an important source of revenue generation and E-Stamping will also provide maximum facilities to the people of the province.
Regarding E-Stamping, the first MoU was signed in September 2022, but now instead of the National Bank of Pakistan and the Punjab IT Board, the Khyber Pakhtunkhwa Information Technology Board (KPITB) and the Bank of Khyber (BoK) have extended it to all the districts of the province.
The Minister said that different rates have been allocated regarding stamp duty which would be very helpful in doubling the revenue of the province.
He also said that this was a big initiative of the government for the convenience of the people, good administration, and good governance.
He said that the manifesto of the provincial government was to provide maximum relief to the people, for which the provincial cabinet was working day and night under the leadership of Chief Minister Ali Amin Khan Gandapur.
