Tag: FBR

LDA has published this list of all warned sponsors and dealers to stop advertising and dealing

LDA has published this list in all major newspapers page 1  , Page 2 and warned the sponsors and dealers of illegal housing projects to stop advertising and dealing such projects immediately, otherwise, LDA reserves the right to initiate legal action against them. We are listing the housing schemes as per their status, and location. Some […]

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Government has raised the annual licensing fees of shops

Government has raised the annual licensing fees of shops

The government has raised the annual licensing fees of shops located across the federal capital, a news source by Pak Villas. Notifications of the increase have been issued to the shopkeepers concerned. The notices state that the licensing and permission to conduct businesses falls under the Punjab local government, according to the Punjab Local Government […]

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Offices of illegal housing societies demolished

Offices of illegal housing societies demolished

The Rawalpindi Development Authority (RDA) razed several offices of illegal housing societies in the city , a news source reported. These offices were located along Chakri Road. The demolition follows RDA’s plan to initiate the operation against illegal housing societies marketing in the city. The civic body had previously announced to begin the operation from […]

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FBR to probe property tax evasion worth PKR 2 bn

FBR to probe property tax evasion worth PKR 2 bn

The Federal Board of Revenue (FBR) has completed its preliminary investigation into the alleged cases of tax evasion and fraud in the real estate sectors of Lahore, Karachi, and the federal capital – a news by pak villas. According to FBR’s report, over 2,000 owners of commercial buildings in these three cities have evaded taxes worth […]

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FBR has announced a revision in the fair market value of immovable property in the metropolis

FBR has announced a revision in the fair market value of immovable property in the metropolis

The Federal Board of Revenue (FBR) has announced a revision in the fair market value of immovable property in the metropolis – news by Pak Villas. The average increase in valuations is around 20 per cent. These revised rates will vary from area to area. FBR has divided Karachi into 196 areas for valuation purposes. […]

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FBR has increased the valuation rates of real estate plots in all major cities across the country

FBR has increased the valuation rates of real estate plots in all major cities across the country

The Federal Board of Revenue (FBR) has increased the valuation rates of real estate plots in all major cities across the country, including Karachi, news by Pak Villas. This rate hike falls in the range of 15% to 25% of the rates notified earlier- on average. FBR has taken this measure in an effort to […]

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LDA to increase commercialisation, building plan charges

LDA to increase commercialisation, building plan charges

The Lahore Development Authority (LDA) has decided to increase charges with regard to the commercialization and approval of building plans – a news by Pak Villas. This increase comes in line with the revised rates of immovable property in Lahore. The Federal Board of Revenue (FBR) previously made notification of upward revisions in the valuation […]

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