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FBR suspends new property rates

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The Federal Board of Revenue has taken a decision to temporarily suspend the new property rates. The rates have been suspended till January 16 and the raised valuation of the property will be announced on January 15. Moreover, the chief commissioners have been instructed to establish valuation view committees by December 10.

Additionally, FBR has raised the valuation rates of the immovable properties for 40 cities which is entirely dependent upon the commercial areas of the cities and other locations.

 

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