The Federal Board of Revenue (FBR) has decided to re-evaluate the fair market values of immovable properties in Islamabad following objections from real estate associations. The associations had raised concerns that certain areas were assigned higher values than actual market rates, prompting the FBR to review the situation.
According to a notification, valuation tables for the entire country were revised on October 29, 2024, but Islamabad’s district was excluded due to a pending complaint with the Federal Tax Ombudsman (FTO).
A new Statutory Regulatory Order (SRO) was subsequently issued on December 8, 2025, setting property valuations for Islamabad.
After receiving additional input from real estate stakeholders, the FBR conducted a thorough examination and confirmed that some of the objections were valid.
In response, the FBR has decided to put the current SRO on hold until January 31, 2026, or until a revised valuation table is finalized and issued—whichever occurs earlier.
The board assured that the process would be completed with the approval of the competent authority and that the revised valuation table would reflect accurate market rates. The move aims to address the concerns of real estate associations and ensure fair property assessments across Islamabad.
The FBR emphasized that the temporary suspension of the SRO would provide sufficient time to incorporate stakeholder feedback and make adjustments that reflect actual market conditions.
Property owners and potential investors have been advised to await the revised table before making transactions to ensure compliance with the updated valuations.
This decision highlights the FBR’s commitment to maintaining transparency and fairness in property taxation while addressing grievances from the real estate sector. The re-evaluation process is expected to bring Islamabad’s property valuations in line with prevailing market trends and resolve disputes related to the earlier SRO.
