By our correspondent
ISLAMABAD: Federal Board of Revenue Chairman Rashid Mahmood Langrial said individuals flaunting expensive lifestyles on social media were under close scrutiny as part of the revenue authority’s intensified nationwide campaign against tax evasion.
He revealed that 30 people who had publicly showcased wealth but reported low incomes in their tax returns had already been issued notices, with daily progress reports being compiled on operations targeting tax evaders.
Speaking to journalists in Islamabad, Langrial highlighted significant improvements in revenue collection, noting a Rs40 billion rise in sales tax from the sugar industry over the past year. He said the previous distinction between taxed and untaxed sugar had been removed and challenged anyone to identify those still holding untaxed stocks, warning that the strictest action would be taken against them.
Under the new schedule, plots in sector E-7 were valued at Rs600,000 per square yard, F-7 and F-6 at Rs500,000, F-8 at Rs450,000, F-10, F-11, and G-6 at Rs350,000, and D-12 and I-8 at Rs250,000. Sectors E-11, G-8, and G-9 were assigned Rs180,000 per square yard, G-10 at Rs160,000, G-7 at Rs140,000, and C-14 at Rs100,000.
For larger plots measured in kanals, maximum valuations were set at Rs11.2 million in Chak Shahzad, Rs14 million in Orchard Scheme, and Rs10.5 million in Gulberg Green per kanal. In I-9 and I-10, the per-kanal valuation was raised to Rs18 million. The FBR said the updated valuations would standardize property pricing, improve transaction transparency, and potentially boost government revenue from Islamabad’s real estate sector.
