KARACHI: The Federal Board of Revenue (FBR) has intensified its enforcement actions to recover Rs. 26 billion in outstanding tax liabilities from Bahria Town, issuing a public notice as part of the recovery proceedings.
According to FBR officials, the tax authority sealed and seized Bahria Town Tower in Karachi on October 7 after conducting raids and taking possession of relevant financial and legal records. The seized assets include 145 residential apartments, 42 office units, and 103 commercial shops located within the high-rise building.
The FBR has also imposed a strict ban on the sale, transfer, or disposal of the seized properties without its prior approval. Any transaction carried out in violation of this restriction will be treated as unlawful.
The tax authority clarified that objections or claims relating to the seized assets may be filed with the Large Taxpayer Office (LTO), Islamabad, in accordance with applicable tax laws.
This action forms part of the FBR’s renewed crackdown on large tax defaulters, aimed at strengthening enforcement, improving compliance, and ensuring recovery of long-pending government dues.
