Old rates to remain in force until revision or January 31, 2026
The Federal Board of Revenue (FBR) has suspended the implementation of newly notified valuation tables for immovable properties in Islamabad after real estate stakeholders raised objections over inflated rates in certain localities.
The tax authority said it has decided to reassess the fair market values, with the existing valuation regime continuing to apply until revised rates are notified or January 31, 2026, whichever comes earlier.
Earlier this month, the FBR issued fresh valuation tables for residential and commercial properties in the Islamabad Capital Territory through SRO 2392(I)/2025 dated December 8, significantly increasing values to bring them closer to market prices.
In a statement issued on Tuesday, the FBR noted that valuation tables across Pakistan were revised on October 29, 2024, except for Islamabad due to a complaint pending before the Federal Tax Ombudsman. Following resolution of the matter, the revised tables for Islamabad were notified.
However, real estate associations and other stakeholders subsequently approached the FBR, contending that the notified values in some areas exceeded prevailing market rates. The authority said several of these objections were reviewed and found to be valid.
Consequently, the FBR has placed SRO 2392(I)/2025 in abeyance until January 31, 2026 or until a revised notification is issued, whichever is earlier.
During this interim period, the older valuation tables notified under SRO 1180(I)/2022 dated July 27, 2022, as amended by SRO 1610(I)/2022 dated August 25, 2022, will continue to apply in Islamabad.
