ISLAMABAD – The Federal Board of Revenue (FBR) has increased valuation of immovable property up to 80 percent across 56 cities in the country as it has added 12 new cities in latest revision.
The bid aims at bringing the rate of the immovable property closer to the market value as it will boost revenue collection of FBR.
The new cities added to the immovable property valuation list include Bannu, Chiniot, Kotli Sattian, and others.
The revised rate of properties will come into effect from November 1 as the government has paced up the efforts to meet the conditions laid forth by the International Monetary fund (IMF) for the $7 billion loan deal.
FBR Chairman Rashid Mahmood Langrial said the rates of immovable properties have been revised up moderately. He added that valuation has been revised based on the type of property, its location and other variables.
It is recalled that the FBR previously released a list of new property prices on September 13, 2022.
Updated Valuation of Immovable Property
The board started publishing the revised property valuations on its website. So far, it has published the updated valuation of following cities:
Abbotabad
Attock
Bannu
Bhakar
Chakwal
Okara
Pakpattan
Sahiwal
Vehari
Larkana
Kot Sattlian Urban
Kohat
Kasur
Jhelum
Haripur
Hafizabad
Gujrat
DG Khan
DI Khan
Jhang
Chiniot
Ghora Gali
Ghotki
Gujranwala
Lodhran
Mandi Bahauddin
Mansehra
Mardan
Murree
Nankana Sahib
Hyderabad
Faisalabad
Khushab
Mianwalai
Mirpur Khas
Narowal
Nowshehra
Sargodha
Peshawar
Sheikhupura
Sialkot
Sukkur
Talagang
Toba Tek Sing
Wazirabad
Bahawalnagar
You can download the PDF copy of the updated property valuation rates by CLICKING HERE.
