In a major development, the Federal Board of Revenue (FBR) has suspended notification SRO 2392(1)/2025, which increased the values of immovable properties within the jurisdiction of Islamabad, until January 31, 2026.
The FBR issued a notification to this effect on Tuesday.
According to the notification, valuation tables were revised for all of Pakistan on October 29, 2024, except for District Islamabad, due to a pending Federal Tax Ombudsman (FTO) complaint.
Subsequently, SRO 2392(I)/2025 dated December 8, 2025, was issued to set fair market values for immovable properties in Islamabad.
However, Real Estate Associations and other stakeholders approached the FBR to revisit the table, as certain areas reflected values higher than actual market rates.
Upon review, some of the objections raised by the Real Estate Associations were found to be valid. As a result, the FBR has decided to re-evaluate the valuation table for District Islamabad.
Therefore, SRO 2392(1)/2025 dated 08.12.2025 is hereby held in abeyance until January 31, 2026, or until the issuance of a revised SRO notifying fair market values for immovable properties in Islamabad, whichever comes first. In the interim, SRO 1180(1)/2022 dated 27.07.2022, as amended by SRO 1610(1)/2022 dated 25.08.2022, will remain in effect.
This decision has been made with the approval of the Competent Authority, the FBR added.
The business community had outrightly rejected the Federal Board of Revenue’s (FBR) decision to substantially increase property valuation rates in the federal capital and had announced a protest demonstration and sit-in outside the FBR House on December 22 if the notification was not withdrawn.
Under the controversial FBR notification, official residential and commercial property values in Islamabad were reportedly increased by up to 1,700 percent.
Ofcourse they did. The rich don’t want to pay taxes. They won’t allow fbr to tax them
Only salaried middle class should pay the taxes.
Meaning jehangir forgot to tell us
Is that the real estate cartel doesn’t want the elite to pay taxes. They hate taxes but ok with us paying them
Too many former generals in real estate market….tsk tsk… lets destroy the carts of street sellers instead that block our roads while we are away on holiday aboard….