The State Bank of Pakistan (SBP) has designated Sindh Bank Ltd as the agent for the collection of Sindh’s stamp duty under the Board of Revenue Sindh’s E-Stamping project in the province.
On October 24, 2022, at SBP Karachi, the agency agreement between SBP and Sindh Bank Ltd. was officially signed. Syed Assad Ali Shah, SEVP-Group Business Head-Sindh (R), and Qader Bakhsh, Director of Finance, each signed the contract on behalf of the SBP and Sindh Bank, respectively. Imran Samad, President & CEO of Sindh Bank, together with his senior management team, and Saleemullah, Executive Director, Financial Resources Management Group, SBP, were present at the signing event.
Saleemullah, Executive Director of SBP, spoke at the event and expressed his hope that Sindh Bank Ltd. would make it easier for taxpayers to pay their taxes by offering high-quality services through its branch network and by assisting the provincial government in collecting stamp duty receipts all over the province. The president and chief executive officer of Sindh Bank, Imran Samad, praised SBP for trusting Sindh Bank Ltd to collect government revenues. According to him, the Sindh Bank’s mission is to simplify life for its clients and assist the provincial government in collecting taxes.
