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  • FBR puts realty prices revaluation on hold

    Last year, new valuation tables were issued for 10 cities in Punjab: Lahore, Rawalpindi, Jhelum, Gujranwala, Gujrat, Sialkot, Faisalabad, Multan, Rahim Yar Khan and Bahawalpur; three in Sindh: Karachi, Hyderabad and Sukkur; two cities each in Khyber Pakhtunkhwa and Balochistan: Peshawar and Abbottabad; and, Quetta and Gwadar...

    Earlier, FBR was receiving a few billion from the realty sector owing to lower than market value rates of...

  • FBR in bid to resolve realty market crisis

    KARACHI/ISLAMABAD: While the Federal Board of Revenue (FBR) on Monday agreed to form a committee to determine a mechanism for fair valuation of property for the purpose of taxation, the uncertain situation has hit the real estate market in Karachi with investors being reluctant to strike new deals...

    The real estate market had witnessed an extraordinary growth after the Rangers-led targeted operation against militants, criminals and...
  • FBR, realty stakeholders agree on valuation formula

    ISLAMABAD: To bring an end to uncertainty in the real estate market, the Federal Board of Revenue (FBR) has agreed, in principle, with realty stakeholders on a formula to determine the value of property for the purpose of taxation...

    “We have reached an understanding on the issue in today’s meeting with realty stakeholders,” a tax official told Dawn, adding that a final decision on the matter would be taken in Thursday’s meeting... ...

  • Realty stakeholders, FBR to prepare new valuation formula for 18 cities

    ISLAMABAD: In a bid to resolve a serious crisis in the real estate sector, the Federal Board of Revenue and realty stakeholders on Thursday agreed to work out valuation tables of property in 18 cities for the purpose of taxation...

    The government and the industry stakeholders agreed in a meeting presided over by Finance Minister Ishaq Dar here to meet again on July 27 to match the valuation tables to be worked out separately by the...

  • 130 buildings declared dangerous

    LAHORE: The City District Government of Lahore (CDGL) on Saturday declared 130 residential and commercial buildings dangerous and requested the residents to vacate them immediately...

    The repair work of 164 buildings would soon be launched, he said and added the people residing in 130 such buildings were expected to be evicted in a couple of days as notices were already issued to them...

  • EU ships back 130 Pakistanis to Turkey

    DIKILI (Turkey): As many as 130 Pakistanis were among 202 migrants piled onto boats from two Greek islands and shipped back to Turkey on Monday as the implementation of a European Union (EU) plan to curb migration began...

    They included 130 people from Pakistan, 42 from Afghanistan, 10 from Iran, five from Congo, four from Sri Lanka, three from Bangladesh, three from India, one each from Iraq, Somalia and Ivory Coast, and two Syrians...

  • Taliban says shot down crashed US C-130 plane in Afghanistan

    JALALABAD: The Afghan Taliban on Friday claimed to have shot down a C-130 military transport plane in eastern Afghanistan, with the North-Atlantic Treaty Organization (Nato) confirming that 11 people including six United States (US) soldiers were killed in the crash...

    The C-130 crash, which occurred at about midnight local time on Friday, left six US soldiers and five civilian contractors dead, US Army Colonel Brian Tribus said... ...

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