The Federal Board of Revenue (FBR) has started negotiations with the International Monetary Fund (IMF) to reduce taxes on property buying and selling in the next budget.
Talks with the IMF were proving difficult over taxes imposed on property transactions.
The issue came under discussion during a meeting of the parliamentary finance committee chaired by Syed Naveed Qamar.
FBR told the committee that property valuation rates had already been revised downward in several cities. The discussion also focused on the possibility of overseas Pakistanis increasing investments in local property markets.
Committee members expressed concern over rising inflation, unemployment, poverty and the government’s continued dependence on indirect taxation and petroleum levies instead of expanding the tax base.
Lawmakers also criticized repeated tax measures targeting existing taxpayers.
The committee further noted that development spending remains under pressure due to rising debt servicing costs, while Pakistan’s exports continue to lag behind regional economies.
Members stressed that the FY2026-27 budget should focus on long-term economic reforms, fiscal transparency and sustainable growth instead of relying only on short-term stabilization measures.
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whenever fbr and government need money they beg from overseas Pakistanis.
who believe fbr and govt, both cannot even make single consistent pro citizen policy to date, failed to tax non filer elite.
No thanks. Overseas escaped this joke of a country . They should not be forced to invest in this dump.
Property prices must crash. No more subsidies to real estate.