PECO Factory Sealed over Non-Payment of Rs1.9mn Property Tax

PECO Factory Sealed by Punjab Government Over Non-Payment of Property Tax

Islamabad May 29 2025: The Excise and Taxation Department, Government of Punjab, has sealed the factory premises of Pakistan Engineering Company Limited (PECO) due to non-payment of property tax amounting to PKR 1.9 million, according to company filing to the Pakistan Stock Exchange. “The management is actively engaging with the relevant authorities to resolve the matter and ensure restoration of access to the factory offices to avoid disruption…

PECO factory sealed over non-payment of Rs1.9mn property tax

The Excise and Taxation Department of the Punjab government has sealed the factory premises of Pakistan Engineering...

There are less than three days left until the deadline for paying assessed property taxes. However, only 43 percent of the expected amount for this year has been received by the Financial Administration. It is around 23 billion crowns. Taxpayers can pay taxes higher than five thousand crowns in two installments during the year. More than ninety percent of people already pay their taxes cashless, and this number can be expected to increase this y…

Millions of property owners in the Czech Republic have received information in their mailboxes, data boxes or e-mails in recent days about how much they have to pay in property tax. The payment deadline is approaching, people should have time to do it by June 2 at the latest. They risk fines for paying the tax later. They should therefore not delay payment, even though many property owners will be unpleasantly surprised by the higher amount requ…