The Federal Board of Revenue (FBR) has stepped up efforts to recover Rs. 26 billion in outstanding taxes from Bahria Town. It has issued a public notice on the matter.
The tax regulator had seized the Bahria Town Tower in Karachi on October 7 after conducting raids and taking custody of relevant records. The seized assets include 145 residential units, 42 offices, and 103 shops located in the tower.
The tax authority has imposed a ban on the sale, transfer, or disposal of the seized properties without prior permission from it.
FBR said that any objections or claims related to the seized assets may be submitted to the Large Taxpayer Office (LTO) in Islamabad in accordance with the law.
The move is part of the tax authority’s fresh efforts to enforce compliance and recover outstanding dues from large taxpayers.
Good
Good !
The Tower always looked empty. Looks did not attrack customers for some reasons. Ready for Auction?
What will FBR do with this tower?..apparently from what I’ve heard..it’s foundation has a flaw..
Generals and politicians brought Malik riyaz into power, then the same Generals, Politicians and Malik riyaz looted this country and now they have become enemies. Malik riyaz ran away, he is happy and fine while generals and politicians are still looting the country and its a common man who is paying the price of living in this country
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It must be given reasonable time, specially because of residential people are living there, i dont understand when building are going to be constructing , no one stopping them to take first legal all documents, there are many projects i have read in news the illegal societies but how possible these builders do construct without any fear, system should must guide in the beginning stop them for illegal start