Tag: FIA

property agents asked to submit professional tax

property agents asked to submit professional tax

The Excise and Taxation (E&T) Department has notified over 300 property agents in the city to submit their professional taxes – a news source reported  by Pak Villas. The department has tasked Excise and Taxation Officer (ETO) Muhammad Sameer with recovering the dues within three months’ timeframe. Notices to this effect were issued recently to the […]

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295 housing societies have been declared illegal

295 housing societies have been declared illegal

With the completion of a forensic audit in Khyber-Pakhtunkhwa, 295 housing societies have been declared illegal. The audit report revealed that there were only 36 societies registered as cooperative and 43 as private housing societies. On the public complaints, NAB has launched investigations against 17 societies so far and arrested eight accused persons. Only eight […]

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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 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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FIA to investigate 65 housing societies in Islamabad

FIA to investigate 65 housing societies in Islamabad

The Federal Investigation Agency (FIA) has decided to investigate 65 housing societies situated in the capital city – a news by Pak Villas. To facilitate this end, the agency has prepared a set of notices. The owners of the housing schemes in question will be notified of this development. FIA’s corporate circle will launch inquiries into […]

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E&TDepartment has issued arrest warrants for property tax defaulters

E&TDepartment has issued arrest warrants for property tax defaulters

The Excise and Taxation (E&T) Department has issued arrest warrants for property tax defaulters – a news by Pak Villas.The department previously released a list of 300 tax defaulters whose dues exceeded PKR 100,000. So far, the E&T officials have issued arrest warrants for 80 property tax defaulters. The department earlier announced its decision during a […]

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Fia LAHORE

5,967 housing societies aren’t registered with the concerned authorities

During the forensic audit of housing schemes conducted by Federal Investigation Agency (FIA), major discrepancies were spotted, where only 51 out of the 452 audited cooperated housing societies were developed according to the relevant bylaws.   The agency also discovered that 5,967 housing societies in the country aren’t registered with the concerned authorities. FIA also […]

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Action against negligent SBCA officials ordered

900 cooperative and private housing schemes are allegedly involved in corrupt practices

More than 900 cooperative and private housing schemes are allegedly involved in corrupt practices and cheating public at large.The information was disclosed in a forensic report which was compiled by officials of the Federal Investigation Agency (FIA), National Accountability Bureau (NAB), and revenue board. According to the report, over 200 societies in Scheme 33 area […]

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