FBR to revise value of immovable properties


ISLAMABAD: The Federal Board of Revenue (FBR) has announced to review the values of immovable properties on a case-to-case basis in consultation with various stakeholders.

The prices of immovable properties were earlier increased up to 600 per cent across 40 major cities depending upon location and commercial areas within the cities, in an attempt to bring them at par with fair market value.

This development was vehemently opposed primarily by the Federation of Realtors. A nationwide protest was scheduled in this regard.  


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