Tax collection
KARACHI: National Bank of Pakistan (NBP), the country’s largest public sector commercial bank, has signed a tripartite with the Board of Revenue (BoR) of Govt. of Sindh and Punjab Information Technology Board (PITB) for collection of Stamp Duty/Taxes on behalf of BoR and PITB. The E-stamping is one of the landmark schemes launched with the view to facilitate general public/tax payers. The e-stamp papers will be issued at the selected branches of NBP through seamlessly integrated PITB’s software system and NBP’s Core banking System. The new feature will enable real-time collection of Government revenue. The funds collected will be settled with SBP centrally and e-challan will be provided to treasury. This digital solution will save time, effort and cost while eliminating leakages in Government revenue. DNA
