Bank of Punjab and Board of Revenue Balochistan start E-Stamping project
In a significant move towards digitization and enhancing citizen
convenience, the Bank of Punjab and the Board of Revenue Balochistan have come
together to inaugurate the E-Stamping project. The initiative aims to automate
the process of obtaining stamp papers, aligning with the Government of
Balochistan's vision to promote digital services and facilitate business
operations within the province.
Leveraging the capabilities of technology, individuals can now
effortlessly procure stamp papers within minutes through a streamlined
procedure facilitated by the Bank of Punjab. This project will be implemented
throughout the province, contributing to increased revenue collection and
ensuring accurate data reconciliation.
The ceremony marking the launch was graced by the presence of
Mr. Roshan Ali Shaikh (Senior Member Board of Revenue), Mr. Farid Ahmed Khan
(Group Chief Corporate & Investment Banking – BOP), and Mr. Sharjeel Raza
Khan (Head Transaction Banking – BOP), along with senior representatives from
both institutions.
Since 2016, the Bank of Punjab has been successfully providing
end-to-end fully automated E-stamping services, establishing itself as the sole
bank in the country offering such services. The bank plans to extend this
service to other provinces in collaboration with key stakeholders.
With a comprehensive network of 780 branches across Pakistan,
the Bank of Punjab serves as a prominent financial institution. In the province
of Punjab, the bank operates 471 conventional and 91 Islamic branches. In Sindh,
it maintains a growing presence with 73 conventional and 10 Islamic branches.
Source: Pakistan Observer