Pakistan News

    Property Tax Hyderabad Status Stalker

  • Citizens unhappy with hefty increase in Karachi-Hyderabad toll tax

    KARACHI: While the Karachi-Hyderabad motorway is still in the process of completion, authorities have increased the toll tax manifold on the ground that the Superhighway, as it was previously called, has now become a part of the countrywide network of motorways...

    Previously, the toll tax for a car going from Karachi to Hyderabad was Rs30...

  • Tax exemption status of Fata, Pata restored

    ISLAMABAD: The federal cabinet on Wednesday restored the tax exemption status of tribal areas as part of the government’s strategy to extend benefits to people...

    “No sales tax will be charged on electricity bills of domestic, commercial and industrial consumers in Fata,” Minister for Information Ali Zafar briefed media after the cabinet meeting...

  • Committee formed to revise property tax in Sindh

    KARACHI: The Sindh government has set up a committee to revise property tax rates by upgrading the valuation table designed in 2001...

    The new property tax rate formula to be evolved by the committee will take into account the increase in annual rental value (ARV) of residential and commercial units in Karachi as well as in the interior Sindh...

  • LHC orders PCB to pay Rs60mn property tax on Gaddafi Stadium

    LAHORE: The Lahore High Court (LHC) has ordered the Pakistan Cricket Board (PCB) to pay Rs60 million property tax on the Gaddafi Stadium, dismissing a petition by the board against levy of the tax by the excise department...

    Punjab government's counsel told the court on Wednesday that the PCB was using the Gaddafi Stadium for commercial purposes and was thus liable to pay tax...

  • Drive against property tax defaulters

    KARACHI: The Sindh government recovered Rs300 million from property tax defaulters during a drive launched by the Excise Department recently...

    The campaign is directed towards individuals and institutions owing Rs1 billion in tax dues...

  • Canada launches tax probe of property cheats in Vancouver

    OTTAWA: Canada’s tax authority is probing real estate deals in British Columbia for underpayment of taxes, amid a boom in sales, prices and property flipping, and said it is not specifically focusing on foreign investors...

    The Canada Revenue Agency said 50 income tax auditors and 20 auditors who specialise in the Goods and Services Tax are looking into real estate deals in British Columbia, where a prolonged surge in prices has...

  • Buildings sealed for not paying property tax

    RAWALPINDI: The Excise and Taxation Department sealed 15 commercial plazas in Gulraiz Housing Society on Tuesday because their owners had not paid property tax worth Rs3...

    The department had launched a campaign for recovering property tax in the Rawalpindi district under the supervision of Director Tanveer Gondal in January and recovered Rs650 million from residential and commercial property owners...

  • Funds dearth may delay property tax computerisation in Punjab

    LAHORE: The Punjab Excise and Taxation department may face delay in the computerisation of property tax challans in remaining 30 districts of the province as the provincial government is reportedly not releasing funds for the project despite approval of PC-1...

    Sources said the computerisation of challans would improve monitoring over field formations and make the property evaluation more effective contrary to the manual tax challans...

  • New property tax in Punjab to hurt ordinary citizens

    LAHORE: The new property tax imposed on ‘utilised’ plots which aims to create more provincial revenues is likely to burden ordinary citizens and pensioners rather squeeze the speculative trade of real estate...

    The Punjab government has fixed two years of delivery of possession to the owner for the levy of tax...

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