ISLAMABAD: The suspension of SRO 2392(I)/2025, which enhanced the valuation of immovable properties in Islamabad, officially expired on January 31, 2026. As a result, the substantially increased property valuation rates have automatically come back into force from February 1, 2026, unless extended or replaced by a fresh notification from the Federal Board of Revenue (FBR).
Real estate expert Ahsan Malik said the FBR must immediately issue a new SRO to notify mutually agreed property values for Islamabad. He noted that revised valuation figures had already been finalized through consultations between the FBR and representatives of the real estate sector.
Malik explained that the FBR still retains the option to extend the suspension period by issuing another SRO. However, in the absence of any timely decision, SRO 2392(I)/2025 stands restored by default, leading to higher tax valuations for property transactions in the federal capital.
Earlier, the FBR had placed SRO 2392(I)/2025 in abeyance until January 31, 2026, after strong objections from real estate associations over inflated property values. The notification had significantly increased the valuation of immovable properties across Islamabad, triggering concerns among buyers, sellers, and investors.
According to FBR officials, valuation tables for the entire country were revised on October 29, 2024, except for Islamabad, due to a pending complaint before the Federal Tax Ombudsman (FTO). Later, the FBR issued SRO 2392(I)/2025 on December 8, 2025, introducing fair market values for Islamabad properties.
However, real estate bodies approached the FBR, arguing that valuation rates in several sectors were higher than actual market prices. Upon review, the tax authority acknowledged that some objections were valid and decided to re-evaluate the valuation tables for the federal capital.
Consequently, the FBR suspended SRO 2392(I)/2025 until January 31, 2026, or until the issuance of a revised SRO—whichever occurred earlier. During the suspension period, SRO 1180(I)/2022 dated July 27, 2022, as amended by SRO 1610(I)/2022 dated August 25, 2022, remained applicable.
With the suspension period now over, stakeholders are awaiting an urgent FBR decision to prevent market uncertainty and ensure realistic property valuations in Islamabad.
