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Punjab Government's e-Stamping Initiative surpasses Rs 351 billion in revenue collection

01:48 PM | 19 Jan, 2024
Punjab Government's e-Stamping Initiative surpasses Rs 351 billion in revenue collection

LAHORE – The Government of Punjab has collected over Rs 351 billion in revenue through the e-stamping system since its launch in May 2016, while more than 18.3 million e-stamp papers have been issued to date.

 This was told in a progress review meeting presided over by PITB Chairman Faisal Yousaf. PITB Director General (DG) e-Governance Sajid Latif was also in the forum.

On this occasion, PITB Chairman Faisal Yousaf stated, “e-Stamping digitizes the issuance of stamp papers while eliminating paper and process-related fraudulent practices and leakage of government revenue while storing information in digital form to ensure transparency.”

The e-Stamping System is one of the flagship projects of the Punjab government executed by PITB in collaboration with the Board of Revenue. The system automatically calculates the value of the stamp paper the buyer needs.

The names of the buyer, seller, and the person from whom the stamp papers are purchased are entered along with their CNIC numbers. After completing the process, the buyer acquires the e-Stamp paper in 15 minutes.

The system has also been rolled out in Sindh and KPK by PITB in collaboration with their respective governments and the National Bank of Pakistan.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Bhat THB 7.57 7.72

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