The Federal Board of Revenue (FBR) has updated property valuation rates in six major cities across Pakistan. The move focuses on selective adjustments rather than a complete overhaul, aiming to balance market realities with tax regulations.
Targeted Property Valuation Updates Introduced
According to Beyond Time News, the revised valuation tables will be used to calculate key taxes, including capital gains tax and withholding tax. Unlike international systems where tax is based on actual transaction value, Pakistan often relies on collector rates, which are usually lower than market prices.
The latest changes have been introduced in Islamabad, Faisalabad, Gujranwala, Multan, Bahawalpur, and Sialkot.
Islamabad Sees Multiple Revisions
In Islamabad, property valuation has gone through several updates over recent months. Initially, new rates were notified under SRO2393 of 2025, but implementation was delayed following concerns from the business community.
Later, revised rates were issued under SRO163 of 2026, followed by further adjustments through SRO332 of 2026.
According to Beyond Time News, the FBR has now introduced additional reductions of 10% to 35% under SRO644 of 2026 to ease concerns for buyers and sellers while updating market alignment.
Multan Adjustments Limited to Selected Areas
In Multan, authorities have not conducted a full citywide revision. Instead, updates were made to specific localities through SRO650 of 2026.
The broader valuation framework introduced in 2024 remains unchanged, with only selected areas adjusted where values were considered outdated.
Read more:FBR revises Islamabad property valuation rates
Faisalabad Property Values Fine-Tuned
In Faisalabad, property valuation changes were introduced under SRO651 of 2026. The updates modify selected entries in the earlier notification without replacing the entire structure.
Officials say adjustments were made across multiple urban zones to better reflect current market conditions while maintaining the existing system.
Changes in Bahawalpur Housing Schemes
In Bahawalpur, valuation rates have been revised for major housing projects, including DHA Bahawalpur and Askari Housing Scheme.
These updates were introduced through SRO652 of 2026, amending earlier rules to reflect updated property values in key areas.
Gujranwala Sees Updates in Housing Projects
Gujranwala also received revised valuation rates, particularly in defence housing and Askari schemes, as well as premium projects like Palm City Housing Scheme.
According to Beyond Time News, the changes were issued under SRO653 of 2026 to bring property values closer to current market trends.
Sialkot Gets Selective Rate Revisions
In Sialkot, the FBR updated property rates for selected residential plots and built-up properties.
These revisions were made through SRO662 of 2026, adjusting specific entries while keeping the overall structure of the earlier valuation system intact.
Move Aims to Reflect Real Market Prices
Overall, the FBR’s latest step focuses on improving tax accuracy by bringing official property values closer to real market prices. However, the authority has avoided a full-scale revision and instead opted for targeted changes.
According to Beyond Time News, the updated valuation system is expected to improve transparency in property transactions while maintaining stability in the real estate sector.
