The Federal Board of Revenue (FBR) has put on hold the recently notified valuation tables for immovable properties in Islamabad after real estate stakeholders raised objections over inflated rates in certain areas.
The move comes as the tax authority decided to re-evaluate the fair market values, with the older valuation regime set to remain applicable until revised rates are issued or January 31, 2026, whichever is earlier.
Days ago, the FBR, under the SRO 2392(1)/2025 dated 08-12-2025, substantially raised values of residential and commercial immovable properties in Islamabad Capital Territory to bring rates at par with the real market values.
“Whereas, valuation tables were revised for the whole of Pakistan on 29-10-2024, except for District Islamabad, due to a pending FTO complaint. Subsequently, SRO 2392(1)/2025 dated 08-12-2025 was notified for the fair market values of immovable properties of Islamabad,” FBR said on Tuesday.
“However, the Real Estate Associations and others approached FBR to revisit the table as certain areas reflected values which were higher than the actual market values. Whereas some of the cases were examined, and some of the objections raised by the Real Estate Associations were found to be correct.
“Therefore, it has been decided to re-evaluate the valuation table for District Islamabad.
“Hence, SRO 2392(I)/2025 dated 08-12-2025 is hereby held in abeyance till 31-01-2026 or issuance of a revised SRO notifying fair market values of immovable properties of Islamabad, whichever is earlier.
“In the intervening period till 31.01.2026 or issuance of a new SRO for Islamabad, whichever is earlier, SRO 1180(I)/2022 dated 27-07-2022, as amended by SRO 1610(I)/2022 dated 25-08-2022, will remain in the field.
