The Federal Board of Revenue (FBR) is preparing to announce new property valuations, expanding the scope to 54 cities nationwide, an increase from the previous 42.
According to sources, the updated rates, which include valuations for 12 additional cities, will be revealed in the coming days.
The reassessment of property prices has been finalized, with the new figures expected to better reflect current market values.
Notably, property rates in Balochistan are set to decrease, while updated valuations will be introduced for major cities such as Karachi, Lahore, Islamabad, and Peshawar.
The revised valuation tables are expected to be published this week, following approval from the Ministry of Law, with the aim of increasing tax revenue from property transactions.
FBR officials have assured that the real estate and construction sectors will not be adversely affected, though there is a proposal to raise taxes on individuals dealing with the buying and selling of property files.
The new rates have been determined after consultations with real estate associations, builders, and developers.
Cities included in the updated property valuation process include Bhakkar, Charsadda, Chiniot, Khanewal, Khushab, Mianwali, Sibi, and Swabi.
