The Federal Board of Revenue (FBR) has decided to issue new property rates.
According to the sources, the FBR rate will be reduced in Balochistan. New property rates will be released in all major cities, including Karachi, Lahore, Islamabad, and Peshawar.
New property valuation tables may be released this week after approval from the Law Ministry. This initiative aims to increase tax collections on properties.
Sources further say that the real estate and construction sectors will not be discouraged. There is a proposal to increase the tax on sellers and buyers of property files.
Real estate associations, builders, and developers were consulted in determining the new property rates. Bhakkar, Charsadda, Chiniot, Khanewal, Khushab, Mianwali, Sabi, and Swabi are included in the property valuation..
