FBR committee to valuate real estate property in major cities

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FBR committee to valuate real estate property in major cities

ISLAMABAD (APP): Minister for Finance, Muhammad Ishaq Dar on Thursday said that in a bid to resolve the issue of real estate builders and association with the Federal Board of Revenue (FBR), a 13-member committee was constituted for fair Valuation of the immoveable property in 18 major cities of the country.

Addressing mediamen here after conclusion of third round of talks between the real estate agents and FBR here, the minister said that in the next meeting to be held on July 27 (Wednesday), the two parties would reach a consensus as the things are going towards positive direction.

He said the government had been listening to the genuine issues of the business community and this time too it would accommodate them.

On the occasion, Abdul Rauf Alam, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said that government is responding to their issues positively and it is hoped that in the next meeting, "we would reach to a consensus".

He said the government understands the issues of the business community.

He clarified that this issue was not only the issue of real estate and builders associations but it was the issue of every businessmen in the country.