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ISLAMABAD:The Federal Board of Revenue (FBR) has hiked property valuations by 20 per cent to 100 per cent for the purpose of tax collection on commercial and residential property sales in Islamabad and 18 other large cities.Comments and recommendations from all the concerned stakeholders regarding the proposed rates have been sought till June 30, 2019, as the new rates will come into effect from July 1.According to the proposed notification issued by the FBR, taxes will be increased on properties in Islamabad, Lahore, Faisalabad, Peshawar, Multan, Mardan, Jhang, Gujrat, Sukkur, Hyderabad, Sialkot, Sargodha, Sahiwal, Jhelum, and other cities.The notification has fixed Rs1,500 as the per square foot valuation for constructions under five years old and Rs1,000 for properties over five years old. However, separate valuations have been set for each sector, most of which are 20 to 100 per cent higher than the la
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WASHINGTON:PresidentJoe Bidensigned a hard-fought bill into law on Wednesday that provides billions of dollars of new U.S. aid to Ukraine for its war with Russia, notching a rare bipartisan vi
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