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Reading: Sindh collects Rs6bn from stamp duty
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PhotoNews Pakistan > Business > Sindh collects Rs6bn from stamp duty
Business

Sindh collects Rs6bn from stamp duty

Web Desk
By Web Desk Published August 2, 2014 1 Min Read
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The Sindh government collected Rs6 billion from stamp duty during the previous fiscal year compared to Rs4.6bn a year ago.

However, the collection was Rs500 million less than the target of Rs6.5bn set for 2013-14.

The data released by the Sindh Board of Revenue (SBR) shows that the highest amount of stamp duty, Rs872m was recorded in January, followed by Rs513m in May, Rs512m in November and Rs473m in June. On the other hand, the lowest level of revenue was observed in August (Rs281m), followed by Rs334m in July.

A spokesman for the SBR said 60 per cent of the stamp duty revenue was contributed by the real estate sector followed by banking and insurance (13pc). The rest was generated from commercial documents, shares, contracts and customs documents.

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