FBR to Unveil New Property Valuations with Up to 75% Increase

Introduction:
On October 11, 2024, the Federal Board of Revenue (FBR) will announce a significant revision in property valuations across Pakistan. The updated valuation tables for 42 major cities will lead to property values increasing by up to 75%, impacting both residential and commercial properties. This move is expected to bring property tax valuations closer to actual market rates, a shift aimed at enhancing transparency and boosting tax revenue.