WNAM REPORT: Vice President and Spokesperson of the Federation of Realtors Pakistan, Rana Akram, has termed the issuance of a joint property valuation table through consultation between the Federal Board of Revenue (FBR) and relevant stakeholders as a positive and welcome development.
He said that for a long time, ambiguity and issues related to property valuation had been adversely affecting business activities; however, the introduction of the joint table will not only help restore confidence but will also promote transparency and investment in the real estate sector.
Rana Akram added that this decision reflects improved coordination and consultation between the FBR and stakeholders, which will lead to improvements in the tax system and encourage lawful business practices. He emphasized that the real estate sector is a vital pillar of the national economy, and facilitating this sector is an urgent need of the time.
