Karachi:Pakistan Telecom Company (PTCL) has announced the sale of a major property located on the II Chundrigar Road in Karachi, one of the most desirable commercial corridors in the city. The sale will be performed through a transparent and competitive bid. The plot of 13583 square (about 27 Canal), located next to the Jang Press, … Read more
The Federal Revenue Council (FBR) reviewed the regional jurisdiction to collect prior income tax on property transactions in Karachi, where he received observation responsibilities for the Regional Tax Office 1 (RTO-1), according to a notice issued by Islamabad. According to the updated judicial mandate, RTO-1 will be supervised by tax collection under Articles 236C and … Read more
Islamabad: The technical technical team of the International Monetary Fund (IMF), currently in Pakistan for a week -long review of the country’s judicial and regulatory frameworks under the Fund’s $ 7 billion in facilities. Related to property rights. The Minister of Law, Azad Nasser Tarar, explained that such meetings fall within the scope of the … Read more
Four officials of the Punjab Cooperative Board of Directors (PCBL) was arrested, and the aviation information area was presented against them and several members of their numbers for their participation in the large land fraud, including the illegal occupation and the sale of government owned property, according to a news report. ACE Lahore launched an … Read more
The Punjab Excise and Excise Department has unveiled significant reforms in the property tax system, aimed at enhancing transparency and uniformity, after Cabinet approval. Director General of Excise and Excise Omar Sher Shertha said the reforms include property tax assessments based on District Collector (DC) scale values and exemptions for residential properties up to Rs … Read more
Islamabad: Punjab has expanded its property tax collection system to include residential communities outside urban centres, marking the first time taxes have been imposed on such areas, according to tax department officials. Under the new framework, residents of government-approved housing societies will be required to pay property tax based on metropolitan rates. The Excise Tax … Read more
Lahore: The Punjab government has introduced a new property tax system to simplify processes, eliminate complexities and enhance transparency. According to Minister of Excise, Taxation and Narcotics Control Masoud Mukhtar, the new system has become effective from January 1, 2025, and property taxes will now be determined based on the DC schedule of the respective … Read more
The Federal Board of Revenue (FBR) has granted overseas Pakistanis exemptions from high tax rates under Sections 236C and 236K of the Income Tax Act, 2001, even if they are not on the Active Taxpayers List (ATL). As per the latest FBR notification, non-resident Pakistanis holding Pakistani Origin Cards (POC) or National Identity Cards for … Read more