The Federal Board of Revenue (FBR) has increased property values by up to 80% in 45 cities across Pakistan, aligning them with current market rates. However, the valuation updates do not apply to 11 cities.
In cities where revisions have been made, the FBR has set rates per marla depending on the location, and the list also distinguishes between residential and commercial properties. The last property valuation updates from the FBR were in 2018, 2019, 2021, and 2022. After a two-year gap, the FBR has issued these new valuations.
These changes came after approval from the Law and Justice Division. The updated values now reflect more accurate market conditions.
The 45 cities with updated property valuations include Abbottabad, Faisalabad, Peshawar, Sialkot, and others, while Islamabad, Karachi, Lahore, Quetta, and a few more cities have not had their property values revised.
The FBR has uploaded all relevant notifications on its website, and the updates for the 45 cities can be found under the valuation tab, with the latest document dated October 29. The 11 cities still show valuations from July 27, 2022.