The Federal Board of Revenue (FBR) has increased the values of immovable properties in 20 cities in a bid to bring them on par with market rates. The board has issued a notification in this regard, taking effect from July 24, 2019.
The valuation rates for commercial, residential, industrial, and flats are different. According to FBR officials, the property rates have been increased from 50 percent to 85 percent.
The revised valuation applies for Abbottabad, Bahawalpur, Faisalabad, Gujrat, Hyderabad, Islamabad, Jhang, Jhelum, Karachi, Lahore, Mardan, Multan, Peshawar, Quetta, Rawalpindi, Sahiwal, Sargodha, Gujranwala, Sukkur, and Gwadar.
The government has increased property valuation rates for the second time this year. Earlier, it had increased the property rates by 20 to 55 percent. On average, property valuation rates have increased by 50 percent cumulatively in the past six months.
Here are the revised property valuation rates:
Rawalpindi
Abottabad Â
Bahawalpur
Faisalabad
Gujrat
Hyderabad
Islamabad
Jhang
Jhelum
Karachi
Lahore
Mardan
Multan
Peshawar
Quetta
Sahiwal
Sargodha
Gujranwala
Sukkur
Gwadar
Lag raha hai imran ka poora dama dam mast qalander hogaya hai. paglon ke tara taxes laga raha hai. Dead to imran playboy INSHALLAH
hahahaha. Sab kam IK he karta ha. O chawal insan. In past every1 was selling in market rate and registry ma low rate mention karty thay. Now they cant do this and will have to pay more taxes. Also it clearly says rates have been increased to 75% of the market value so it is still not 100% actual rate. Which should be the case.
aur jo rate pahly barhaya tha us ma is dafa kuch kame ke ha increase ne keya ha. At-least for islamabad this is the case.
as usual.. “BOYS in BOOTS” again played well to under value DHA’s & stuff. BRAVO *chef’s kiss emoji*
what does that mean ?