{"id":59302,"date":"2020-01-01T15:48:40","date_gmt":"2020-01-01T10:48:40","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=59302"},"modified":"2020-07-22T11:57:16","modified_gmt":"2020-07-22T06:57:16","slug":"nab-ordinance-2019-under-investigation-properties-to-be-valued-on-official-rates","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/nab-ordinance-2019-under-investigation-properties-to-be-valued-on-official-rates.html","title":{"rendered":"NAB Ordinance 2019: Under-investigation properties to be valued on official rates"},"content":{"rendered":"<p>Islamabad: One of the recently sanctioned amendments in the NAB Ordinance 2019 states that the valuation of properties owned by a public official under investigation for &#8216;assets disproportionate to his\/her known sources of income&#8217; will be performed under FBR or DC valuation rates \u2013 according to a news source.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/nab-ordinance-2019-introduced-businesspersons-no-harassment-protection.html\" target=\"_blank\" rel=\"noopener noreferrer\">NAB Ordinance 2019 introduced; businesspersons get no-harassment protection<\/a><\/p>\n<p>The law will supersede any other provision currently in effect on this front and no other evidence will be admitted to prove that the value of property is different from its FBR or DC value (whichever is higher).<\/p>\n<p>FBR and DC valuation rates are the rates announced by Federal Board of Revenue (FBR) and Deputy Commissioner respectively. FBR rates have been announced for a number of major cities in the country, while DC rates apply to the other area, although there are overlapping areas as well.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/illegal-housing-schemes-hinder-balochistans-development-dg-nab.html\" target=\"_blank\" rel=\"noopener noreferrer\">Illegal housing schemes hinder Balochistan&#8217;s development: DG NAB<\/a><\/p>\n<p>According to relevant officials, the move is expected to help fix and standardise the rates of property in all investigations and cases falling under the law.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: One of the recently sanctioned amendments in the NAB Ordinance 2019 states that the valuation of properties owned by a public official under investigation for &#8216;assets disproportionate to his\/her known sources of income&#8217; will be performed under FBR or DC valuation rates \u2013 according to a news source. Read:\u00a0NAB Ordinance 2019 introduced; businesspersons get no-harassment protection The law will supersede any other provision currently in effect on this front and no other evidence will be admitted to prove that the value of property is different from its FBR or DC value (whichever is higher). FBR and DC valuation rates are the rates announced by Federal Board of Revenue (FBR) and Deputy Commissioner respectively. FBR rates have been announced for a number of major cities in the country, while DC rates apply to the other area, although there are overlapping areas as well. Read:\u00a0Illegal housing schemes hinder Balochistan&#8217;s development: DG NAB According to relevant officials, the move is expected to help fix and standardise the rates of property in all investigations and cases falling under the law.<\/p>\n","protected":false},"author":57,"featured_media":34938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[14761],"persona":[],"class_list":{"0":"post-59302","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-nab-ordinance-2019-under-investigation-properties-to-be-valued-on-official-rates","9":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NAB Ordinance 2019: Under-investigation properties to be valued on official rates - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: One of the recently sanctioned amendments in the NAB Ordinance 2019 states that the valuation of properties owned by a public official under\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/nab-ordinance-2019-under-investigation-properties-to-be-valued-on-official-rates.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NAB Ordinance 2019: Under-investigation properties to be valued on official rates - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: One of the recently sanctioned amendments in the NAB Ordinance 2019 states that the valuation of properties owned by a public official under\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/nab-ordinance-2019-under-investigation-properties-to-be-valued-on-official-rates.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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