HYDERABAD: The Hyderabad Chamber of Small Trade and Small industry (HCSTSI) has urged the federal government to lower the value of property in Hyderabad so that the taxes collected by Federal Board of Revenue (FBR) can be reduced.
In a statement issued by the chamber’s President Muhammad Akram Ansari and other office bearers, the traders contended that the value of Hyderabad’s property set through August, 2016, SRO was overvalued.
They pointed out that while taking notice of similar complaints, the FBR revised the property value for Karachi, Lahore, Islamabad, Peshawar Rawalpindi and Faisalabad.
“Presently Hyderabad’s property is valued at double than Karachi,” the statement claimed.
The HCSTSI appealed Prime Minister Shahid Khakan Abbassi, Adviser Finance Miftah Ismail and the officials of FBR to consider their request and revise the value for Hyderabad at the earliest.