The Federal Board of Revenue (FBR) has issued new property valuations for Islamabad, leading to a significant increase in prices across the city’s upscale and newly developed areas.
According to the FBR notification, new rates have been set for 68 residential, commercial, and rural locations. Sectors such as E-7, F-6, F-7, and F-8 have seen notable hikes in property values, while some other areas witnessed minor reductions following the review.
Under the new SRO (Statutory Regulatory Order), the “fair market value” for properties has been fixed based on the age of the structure. Residential and commercial buildings less than five years old are valued at PKR 4,000 per square foot, while those older than five years are set at PKR 3,000 per square foot.
FBR officials said the updated valuations aim to align property rates with current market trends and ensure accurate tax assessments.
Experts note that the new rates may impact real estate transactions, property taxes, and investment decisions in Islamabad’s high-end localities.
