Inaugurates E-stamping system to plug leakages, build public confidence
Sindh Chief Minister Syed Murad Ali Shah has directed Karachi Mass Transit Authority (KMTS) to complete remaining work on BRT Orange Line corridor by the end of this month so that from the beginning of next month it could be made operational.
He issued these directives while presiding over a meeting here at CM House here on Tuesday. The meeting was attended by Minister Transport Sharjeel Memon, Advisor Law Murtaza Wahab, Chief Secretary Sohail Rajput, Chairman P&D Hassan Naqvi, Secretary Finance Sajid Jamal Abro, Secretary Transport Haleem Shaikh, and other concerned officers.
Transport department, giving briefing to the chief minister, said that 95 percent of work on the 3.8-kilometer orange line has been completed. It has eight doors to be installed at its four stations and one depot.
The chief minister directed Minister Transport Sharjeel Memnon to expedite the completion of civil work of the corridor so that it could be started with 20 buses.
Syed Murad Ali Shah gave a date line to the Mass Transit Authority to complete the work by the end of current month and from the first week of June he would start its service. “I won’t accept any excuse to delay it further,” he said and added he has already released the required amount of Rs 2 billion.
Meanwhile, Sindh Chief Minister Syed Murad Ali Shah has said that establishment of E-stamping system would plug revenue leakages, improve compliance ratio as well as facilitate and build confidence of the taxpayer in the system.
“It is my absolute pleasure to announce the establishment of E-Stamping as one of the major developments in this area.”
This he said while speaking at the inauguration ceremony of E-stamping here at CM House on Tuesday.
The meeting was attended by provincial ministers, chief secretary, National Bank President, leading businessmen and others.
To make the province of Sindh prosperous, safe, healthy, educated and to uplift living standards of the people has been our top priority, the CM said and added that to achieve these objectives, his government has always labored to enhance the tax base through an efficient, effective, and public-friendly tax collection system.
“Therefore, with continuous efforts we have significantly increased our revenue generation, however, there is still room for improvement as tremendous potential is yet to be tapped,” he said.
Syed Murad Ali Shah said that his government has always ensured that the tax rates must be rational. “Incidence of those taxes should not trickle down to our underprivileged section of the society,” he said.
He said that alongside improving the tax collection system, the Sindh government has given relief to the public on taxes levied on real estate transactions by abolishing Capital Value Tax (CVT) and Registration Fee, while slashing stamp duty rate from two percent to one percent.
Syed Murad Ali Shah said that the digital technology has revolutionized the world, interface with digital technology would definitely plug revenue leakages, improve compliance ratio as well as facilitate and build confidence of the taxpayer in the system. “It is my absolute pleasure to announce the establishment of E-Stamping as one of the major developments in this area,” he said.
The Board of Revenue, Sindh is introducing an E-Stamping system, modelled according to advanced international practices, Syed Murad Ali Shah said and added” the E-Stamping system envisages online generation and printing of stamp duty challan from the web-based application as well as issuance of e-stamp papers from branches of National Bank of Pakistan,”
Syed Murad Ali Shah disclosed that the E-Stamping system has been put under testing in 22 branches of NBP and now finally it was ready to be rolled out in more than 300 branches of NBP across the Province.
He said the E-Stamping system would help to eradicate menace of fake and forged stamp papers, substantially increase revenue receipts and above all, improve public facilitation as well as services provided to the populace.