Islamabad: The Federal Board of Revenue (FBR) has suspended the recently notified valuation tables for residential and commercial properties in Islamabad following objections from real estate stakeholders over inflated rates in certain localities.
In a statement issued on Tuesday, the tax authority said it would re-evaluate the fair market values, with the previous valuation regime remaining applicable until revised rates are notified or January 31, 2026, whichever comes earlier.
Earlier this month, the FBR had issued new valuation tables for properties in the Islamabad Capital Territory through SRO 2392(I)/2025 dated December 8, substantially increasing values to better reflect prevailing market prices. However, real estate associations and other stakeholders raised concerns that the new rates in some areas exceeded actual market levels. Upon reviewing these objections, the FBR found certain concerns to be valid.
As a result, the authority decided to place SRO 2392(I)/2025 in abeyance. During this interim period, the older valuation tables, notified under SRO 1180(I)/2022 on July 27, 2022, and amended by SRO 1610(I)/2022 on August 25, 2022, will remain applicable.
The FBR had earlier revised valuation tables across Pakistan on October 29, 2024, except for Islamabad, due to a pending complaint before the Federal Tax Ombudsman. The revision for Islamabad had been notified after resolution of the matter, but the recent suspension allows the authority time to reassess property values in line with stakeholder feedback.
The decision provides temporary relief to property owners and buyers in Islamabad while ensuring that future valuations accurately reflect the market.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
