The Federal Board of Revenue (FBR) has announced a significant reduction in the valuation of immovable properties in Islamabad, cutting official rates by 30 to 35 percent across a wide range of residential and commercial categories.
The revised valuation tables were issued through a notification on Thursday, signalling a notable shift in the capital’s real estate pricing framework. The move affects both constructed properties and plots across multiple sectors, while some prime commercial zones largely retain their previous benchmarks.
Under the updated structure, the valuation rate for residential and commercial superstructures up to five years old in Islamabad’s older sectors has been reduced from Rs3,000 to Rs2,500 per square foot. For buildings older than five years, the rate has been lowered from Rs1,500 to Rs1,200 per square foot.