Notification of official property rates in 56 major cities issued
The Federal Board of Revenue (FBR) has released the notification of official property rates in 56 major cities. Property rates rose by about 5 percent to equal 80 percent of the market rate. The old rates of 11 cities including Karachi, Lahore, Islamabad, Rawalpindi are currently maintained. Certain changes in FBR were made under the…