Islamabad: For the purpose of tax collection, The Federal Board of Revenue (FBR) has increased property valuations by 20 to 100 percent on commercial and residential properties in major cities. These include Islamabad, Lahore, Faisalabad, Mardan, Multan, Peshawar, Jhang, Sukkur, Faisalabad, Gujrat, Hyderabad, Sialkot, Sargodha, Sahiwal, Jhelum and more.
Concerned stakeholders have been asked for recommendations from until June 30, 2019 so as to bring the new rates into effect by July 1.
According to the notification, Rs1500 as per square foot has been fixed for constructions under five years and Rs1000 for those over five years. However each sector has its own valuations set, most of which are 20 to 100 percent higher than the last valuation.
For news and updates keep on visiting Graana blog.
Get to know zakat on the property and how to calculate it.
ISLAMABAD – President of the Islamabad Chamber of Commerce and Industry (ICCI), Nasir Mansoor Qureshi,…
Islamabad – The Capital Development Authority (CDA) held a meeting on Saturday to review and…
ISLAMABAD: The Federal Government Employees Housing Authority (FGEHA) is set to hold an auction for…
Islamabad – Presenting the PKR 17.57 trillion federal budget for FY2025–26, Finance Minister Muhammad Aurangzeb…
Islamabad: Federal Minister for Planning, Development and Special Initiatives, Professor Ahsan Iqbal, chaired a high-level…
Dubai, UAE – May 2025: Dubai’s real estate sector has achieved a record-breaking milestone, with…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
