Islamabad, Pakistan – The Federal Board of Revenue (FBR) is set to significantly increase property valuation rates in 42 major urban centers across Pakistan. The revised rates, expected to be implemented within the month, will range from 20% to 100% depending on the fair market value of the property’s location.
The FBR has finalized the updated valuation tables and is awaiting approval from the Ministry of Law before officially issuing them. This marks the first update to property valuation rates since September 2022. Profit
As part of its ongoing efforts to streamline the property valuation system, the FBR plans to expand the number of cities covered under these revised rates. In a future phase, an additional 14 urban centers will be included, bringing the total number of cities with updated property valuations to 56.
The revised rates will apply to properties in the following cities: Abbottabad, Attock, Bahawalpur, Chakwal, Dera Ismail Khan, Dera Ghazi Khan, Faisalabad, Ghotki, Gujranwala, Gujrat, Gwadar, Hafizabad, Haripur, Hyderabad, Islamabad, Jhang, Jhelum, Karachi, Kasur, Khushab, Lahore, Larkana, Lasbela, Lodhran, Mandi Bahauddin, Mansehra, Mardan, Mirpurkhas, Multan, Nankana, Narowal, Peshawar, Quetta, Rahim Yar Khan, Rawalpindi, Sahiwal, Sargodha, Sheikhupura, Sialkot, Sukkur, and Toba Tek Singh
