ISLAMABAD: The Federal Board of Revenue (FBR) has revised property valuation rates in six cities, opting for targeted adjustments in selected areas rather than a blanket revaluation in a move aim­ed at facilitating both buyers and sellers.

The revised property tables will be used to calculate federal taxes, including capital gains tax and withholding tax. Internationally, tax is charged on the transaction value, but in Pakistan, the collector value is often much lower than the actual transaction value.

The revisions to property valuations were carried out in Islamabad, Fai­sa­l­abad, Gujranwala, Multan, Bahawalpur and Sialkot.

Tax officials said the latest exercise aims to bring notified property values closer to prevailing market rates, particularly in high-value housing schemes and emerging urban clusters, while retaining the existing valuation framework.

Exercise aims to bring notified values closer to prevailing market rates

In Islamabad, the new valuation table was notified through a notification SRO2393 of 2025 in December last year. However, the FBR suspended implementation of this SRO until Jan 31, 2026 on the demand of the local business community.

In February this year, the FBR revised downward the valuation rates to accommodate businessmen of the capital and issued a new notification SRO163 of 2026. This notification was further amended through another notification SRO332 of 2026 during the same month.

To further address the concerns of various stakeholders, the FBR has offered a reduction of 10-35pc in the valuation rate through another notification SRO644 of 2026 issued on April 16 in many urban sectors to provide further tax relief to buyers and sellers. The latest notification also superseded the February 2026 SROs, effectively resetting the valuation benchmarks for the capital.

In Multan, according to tax officials, the revision in valuation was selection not a fresh citywide revaluation. The amendments were introduced through SRO650 of 2026 in the earlier notification SRO1729 of 2024.

Officials said the FBR kept the broader 2024 valuation framework intact and revised only selected localities and categories where it considered the earlier values to require correction or updating.

In Faisalabad, the FBR, through SRO651 of 2026, has amended the specific serial numbers and corresponding entries of the SRO1688 of 2024. The new notification did not repeal or replace the earlier notification entirely, but updated identified locations within it.

According to the tax officials, adjustments were made across multiple urban zones of Faisalabad. It fine-tuned market values for specific locations and property categories without altering the overall valuation framework or methodology.

In Bahawalpur, major revision was made in DHA Bahawalpur along with Askari Housing Scheme valuation through notification SRO652 of 2026 by amending SRO1730 of 2024.

In Gujranwala, the revaluation was carried out in defence housing and Askari schemes along with some luxury schemes like Palm City Housing Scheme.

The changes were introduced through SRO653 of 2026 by amending earlier notification SRO1691 of 2024.

In Sialkot, the FBR has introduced revision in specific serial numbers. In selected location, residential open plot and built-up rates have been updated. The changes were introduced through SRO662 of 2026 by amending earlier notification SRO1712 of 2024.

Published in Dawn, April 23rd, 2026