The Punjab government decided to impose a property tax on houses in the province, adding to the woes of the already burdened public. According to sources, the Punjab Excise and Taxation Department has been directed to compile a record of all houses in the province by next month, the sources said. The tax will be levied on houses measuring 5 marlas or above, with rates varying according to the value of the property. According to the sources, the houses worth over Rs 5 million will be taxed.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Govt cannot ban a political party: Shahid Khaqan

Former prime minister Shahid Khaqan Abbasi has said that the government has…

PTI’s movement will not stop: Imran Khan

Islamabad: On June 7, PTI Chairman Imran Khan warned the government that…

PPP leads Karachi’s local body elections

The Pakistan Peoples Party (PPP) is in the driving seat as the…

Sri Lanka calls for $1 bln debt restructure

Colombo: Sri Lanka’s outgoing finance minister said on Thursday said that it…