The Federal Board of Revenue (FBR) intends to revise the valuation table for immovable properties across Pakistan from July 1, 2023. Section 7E introduced in the last budget – FY 2022-2023 – has had a declining effect in the rates of plots and immovable properties since last year. It may not be a wise and plausible decision to revise the valuation tables in the upcoming budget – FY2023-2024. Many assume that this decision would have a negative impact on the real estate sector that is already feeling the brunt of last year’s unfair and double taxation.
Mumraiz Khan
Karachi
I would like to congratulate Dr Ikhtiar Baig on his successful win from NA-241. As a resident of this constituency, I...
When our neighbour’s house was being renovated, one worker had the job of taking a load of bricks to the upper...
It has been around a year since the government established the Special Investment Facilitation Council to attract...
The PML-N has been given another chance to serve the country but does not appear to have learnt any lessons from its...
Over the last decade, there has been a mushroom growth of private housing schemes across the country. No doubt, the...
This letter refers to the news report ‘Punjab cabinet approves Nawaz Kisan Card’ . While it would be all right for...