Pakistan, July 5 -- The Rawalpindi Cantonment Board (RCB) has recorded a historic property tax collection of Rs 1.482 billion for the fiscal year 2024-25, marking a significant increase of Rs 246.0 million compared to the previous year's total, according to Arshad Khan, Additional CEO of RCB.
Arshad Khan highlighted that RCB's introduction of a 10% rebate on property taxes, valid until June 30, 2025, received an overwhelming response from both domestic and commercial taxpayers, encouraging timely payments. "This incentive played a key role in driving the record collection figures," he said. "This represents a 20% rise in collection, attributed to the addition of 2,054 new units in the Cantonment areas, boosting the tax base", said Muhammad...