Capital to introduce e-stamp papers

The administration of the federal capital has decided to launch e-stamp papers, aiming to streamline property and other transactions.

“The Islamabad administration and representatives of the Bank of Punjab discussed the implementation of e-stamping, which promises to enhance security, transparency, and efficiency,” sources quoted the Islamabad deputy commissioner as saying.

The deputy commissioner said e-stamp papers will utilise barcode technology, making them tamper-proof and easily verifiable. This innovation, he said, was expected to minimise fraud, reduce paperwork, and simplify administrative processes for both the government and the public.

The administration, he noted has planned to provide comprehensive training and awareness campaigns to ensure a smooth transition to the new system. The deputy commissioner emphasised the importance of leveraging technology to improve public services and pledged to mobilize necessary resources for a successful rollout.

The introduction of e-stamp papers is a significant step towards digital transformation in Islamabad, promoting accountability, transparency, and efficiency in stamp duties and tax administration.

Published in The Express Tribune, May 18^th, 2024.