Dar for consultation over immovable properties

Staff Reporter
Islamabad—Finance Minister, Senator Mohammad Ishaq Dar, Wednesday, directed Federal Board of Revenue (FBR) to hold consultation with stakeholders on the amendments regarding evaluation of immovable properties.
These amendments have been passed through the Finance Act 2016, however, concerned quarters have expressed serious concerns about the effectiveness of these amendments.
Therefore, while chairing a meeting with senior FBR officials, Finance Minister asked the Chairman FBR to convene a meeting with all the stakeholders to attain their views in the matter at the earliest.
The meeting considered recent amendments through Finance Act, 2016 on valuation of immovable properties and the reported opinions of various stakeholders.
Finance Minister also on the occasion felicitated the FBR team for working industriously to achieve the revenue target for the fiscal year 2015-16.

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