FBR confiscates 8 undeclared asset holdings for 90 days
MG News | July 03, 2019 at 05:43 PM GMT+05:00
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July 3, 2019 (MLN): The Federal Board of Revenue (FBR) exposed 8 non-verified asset holders in an official notice dated yesterday, and granted approval for confiscation of their assets for a period of 90 days.
As per the notice, the confiscated properties include 2 plots near Civil Lines in Karachi and 1 plot in Clifton. The remaining confiscated assets comprise of a total of 52.3 million shares of Thatta Cement Company and 60 million preference shares of Summit Bank.
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