Categories: Technology

Rs640m in outstanding property tax not recovered by CDA: Audit Report FY18-19

ISLAMABAD: The Capital Development Authority (CDA) did not recover Rs640 million in outstanding property taxes, according to the audit report published for the 2018-19 fiscal year.

invest with imarat

Islamabad’s emerging city centre

Learn More

While reviewing CDA’s revenue department accounts, the report revealed that Rs380.4 million in property taxes on residential buildings and Rs260.1 million on commercial buildings were outstanding up to June 2018.

The report attributed weak follow-ups towards the recovery of outstanding taxes. It further advised taking effective steps by the top management level, which should devise a comprehensive system of follow up of defaulter cases through additional deputy commissioner revenue.

The Authority informed that the default amount of Rs166 million has been recovered when
The report has also highlighted the authority’s negligence towards the recovery of Rs455.7 million in rental charges.

For news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

Burj Mayfair Completes Its Largest Property Deal with Nine-Figure Transaction in Dubai Marina

Dubai, UAE: Burj Mayfair Real Estate Brokers LLC has closed a nine-figure property transaction in…

13 hours ago

SBP Cuts Policy Rate to 10.5% as KIBOR Declines, Easing Borrowing Costs

Islamabad: The Monetary Policy Committee of the State Bank of Pakistan on Monday reduced the…

1 day ago

CDA Completes T-Chowk Flyover Two Months Ahead of Schedule

Islamabad: The Capital Development Authority has completed the main structure of the T-Chowk Flyover in…

2 days ago

Saudi Real Estate Sector Enters New Phase with Digital Governance and Non-Saudi Ownership Framework

Here is a concise and professional rephrased version of the news: Saudi Arabia’s real estate…

3 days ago

FBR Revises Property Valuation Rates Across Islamabad’s Key Residential and Commercial Areas

Islamabad: The Federal Board of Revenue has updated property valuation rates across 68 locations in…

4 days ago

Dubai’s Residential Property Market Records Strong Growth in November 2025

Dubai’s residential real estate market maintained its upward momentum in November 2025, with the latest…

5 days ago