Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

50% raise in property tax: Faisalabad Excise collects additional Rs 160 million

byRana Shahzad
16/10/2014
in Breaking News, Latest News, National, Slider News
Share on FacebookShare on Twitter

 

Director Excise and Taxation Rana Intikhab Hussain says complaints would be addressed within three days

 

You might also like

FBR excludes FTA, PTA customs concessions from 2026 tax expenditure report

21/07/2026

Pakistan banks expected to report lower Q2 2026 profits

21/07/2026

FAISALABAD: The Directorate of Excise and Taxation Faisalabad has collected Rs 430-440 million after a 50 percent increase in property tax which is Rs 160 million more than the last year’s recovery, said Director Excise and Taxation Rana Intikhab Hussain.

He was addressing a meeting in the Faisalabad Chamber of Commerce and Industry (FCCI) on Wednesday. The meeting was also attended by the representatives of various trade associations, including Pakistan Hosiery Manufacturers Association, All Pakistan Textile Processing Mills Association, Anjuman-e-Tajran, Sizing Association, Dyes and Chemical Association and Yarn Merchants Association.

To the reservations of business community about 50 percent increase in the property tax, he said that a meeting was scheduled to be held in Lahore on Thursday (today) and he would try to convey their reservations.

He said, “No employee can create unnecessary problem for any individual,” he said, adding that in case of any complaint, it would be addressed positively within three days.

About licence fee, he said that the district government was collecting the tax. “However, I will convey your problems regarding this tax to the district coordination officer,” he assured.

He said that his directorate made efforts and maximum notices were issued with 50 percent increase and 5 percent concession for its in-time payment. He thanked the business community for cooperating in the payment of their taxes.

The director said that the property tax was being computerised which would further reduce the chances of corruption or harassment of the taxpayers.

Earlier, FCCI President Rizwan Ashraf praised the cooperation of the Director Excise and Taxation in resolving issues relating to his department. He, however, said that various trade associations from the platform of FCCI had unanimously agreed to increase the property tax by 20-25 percent but it has been increased by 50 percent. He said the government and its departments consulted business community on the PT, but their recommendations and suggestions should also be given importance in policy making.

Tags: All Pakistan Textile Processing Mills AssociationAnjuman-e-TajranDirector Excise and Taxation Rana Intikhab HussainDyes and Chemical AssociationExcise and Taxation FaisalabadFaisalabad Chamber of Commerce and IndustryPakistan Yarn Merchants Association Central Chairman Khalil Qaisar ShamsSizing AssociationYarn Merchants Association

Related Stories

FBR excludes FTA, PTA customs concessions from 2026 tax expenditure report

byCT Report
21/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has left customs duty concessions granted under Free Trade Agreements (FTAs) and Preferential...

Pakistan banks expected to report lower Q2 2026 profits

byCT Report
21/07/2026

KARACHI: Pakistan’s banking sector is expected to report lower earnings in the second quarter of 2026 as the impact of...

FTO orders FBR to fix IRIS glitches blocking Rs2.3m tax credit

byCT Report
21/07/2026

ISLAMABAD: The Federal Tax Ombudsman (FTO) has ruled that the Federal Board of Revenue (FBR) cannot use technical limitations of...

FBR imposes excise duty on e-liquids used in vapes & e-cigarettes

byCT Report
21/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has for the first time brought e-liquids used in vapes and electronic cigarettes...

Next Post

KCCI president too finds FBR’s software ‘faulty’

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.