The Bahria Icon Tower, Pakistan’s tallest skyscraper, stands in the heart of Clifton, Karachi. The Federal Board of Revenue (FBR) plans to auction this landmark to recover Rs26.46 billion in unpaid taxes from the Bahria Town Group.
To initiate the process, the FBR invoked Section 138(2)(a) of the Income Tax Ordinance, 2001, and Rule 162 of the Income Tax Rules, 2002. The auction will take place after the 2025–26 federal budget presentation. This move highlights the FBR’s resolve to pursue large-scale tax defaulters.
In addition, the FBR announced the auction of the Mall of Islamabad, another premium property owned by Bahria Town. By targeting such high-profile assets, the FBR aims to enforce tax laws strictly. It also wants to send a clear message: no one is above the law.
The Bahria Icon Tower features 62 stories, including commercial offices, luxury apartments, and retail outlets. Due to its prime location and architectural value, it is considered one of Pakistan’s most prized real estate assets. As a result, its sale marks a turning point in national tax enforcement.
Furthermore, FBR officials stated that this auction is part of a broader campaign against top tax evaders. The board also warned others with unpaid dues to comply or face similar action.
The Bahria Icon Tower stands as a 62-story structure, housing a mix of commercial offices, luxury residences, and retail spaces. Its prime location and architectural prominence make it one of the most valuable real estate assets in the country. The auction of this landmark marks a historic moment in Pakistan’s tax enforcement efforts.
FBR officials stated that this auction is part of a broader crackdown on high-profile tax evaders. The board has warned other influential taxpayers to settle their dues or face similar legal action.
The public auction will take place on June 19, 2025, at 11:00 AM, at the Large Taxpayers’ Office, located at Plot No. 20, Mauve Area, G-9/1, Islamabad.
Given the commercial potential and prestige of the properties, the auction is expected to attract top-tier real estate investors, corporations, and property developers from across the country.
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