The Federal Board of Income (FBR) will public sale 527 kanals of Bahria City’s land in Tehsil Murree on March 5, 2026, to recuperate Rs. 26 billion in unpaid revenue taxes for the tax years 2020 and 2022, sources instructed ProPakistani.
The public sale will likely be held on the FBR’s Massive Taxpayers Workplace in Islamabad. The unique public sale date of February 16 was postponed.
Sources mentioned this follows a landmark Supreme Court docket ruling on March 18, 2025 (M/s Emaar DHA Islamabad v. CIR), which prohibited land builders from utilizing the “Share of Completion” (POC) methodology.
The courtroom dominated that builders promoting plots should acknowledge revenue instantly beneath the accrual methodology, quite than deferring it till building milestones. This reclassification turned beforehand deferred funds into taxable revenue, ensuing within the Rs. 26 billion legal responsibility.
This restoration is separate from Bahria City’s historic Rs. 460 billion settlement over land acquisition in Malir, Karachi. Below newly enhanced powers, the FBR can seize and public sale property from defaulters. Beforehand, the FBR auctioned Bahria City’s company workplace in Islamabad for over Rs. 2 billion.
The 527-kanal in Mauza Kathar Sharqi, Angori Highway, was hooked up by the FBR on September 22, 2025. The regulator has expanded to different Bahria City property, together with the Bahria City Tower in Karachi and a evaluate of the Mall of Islamabad, to recuperate tax income, sources added.