The Federal Board of Revenue has decided to re-evaluate the fair market values of immovable properties in Islamabad. This decision followed concerns raised by real estate associations about inflated valuations in several areas.
According to stakeholders, some localities were assigned values that exceeded prevailing market rates. These objections prompted the FBR to review the revised valuation framework.
In an official notification, the FBR stated that property valuation tables across the country were updated on October 29, 2024. However, the Islamabad district was excluded at that time due to a pending complaint before the Federal Tax Ombudsman.
Following the resolution of that issue, the FBR issued a new Statutory Regulatory Order on December 8, 2025. This order covered Islamabad’s property valuations. Following its issuance, the authority received further representations from real estate bodies. This prompted an additional assessment.
Read: FBR Revises Property Valuation Rates for 68 Locations in Islamabad
The review confirmed that some of the objections raised by stakeholders were valid. As a result, the FBR has decided to place the current SRO in abeyance. They are finalizing a revised valuation table.
According to the statement, the SRO will remain suspended until January 31, 2026. It will stay suspended until a new SRO is issued to notify updated fair market values for immovable properties in Islamabad, whichever comes earlier.
The FBR said the reassessment process will conclude once approval is obtained from the competent authority. Officials added that the revised valuations aim to reflect realistic market conditions while ensuring transparency and fairness in property taxation.
