Categories: Technology

FBR extends decision on new property valuation till Jan 16

ISLAMABAD: The Federal Board of Revenue (FBR) has extended the increase in valuation rates for immovable property in 40 major cities until January 16, 2022.

invest with imarat

Islamabad’s emerging city centre

Learn More

This extension came after the board announced a case-to-case basis review of the valuation table by consulting valuation experts of the State Bank of Pakistan (SBP) and various realty stakeholders. Until then, the new rates have been suspended till mid-January 2022.

In this regard, all Chief Commissioners Inland Revenue (CCIRs) have been notified to constitute valuation review committees (VRCs) by December 10. In an official announcement released, all those having any reservations over the valuations have been advised to lodge a representation before the VRC by Dec 15.

Meanwhile, SRO1534-1572(I)/2021 is held in abeyance.

 

For news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

Islamabad Set to Inaugurate State-of-the-Art IT Park on August 14

ISLAMABAD: The federal government is set to inaugurate the Islamabad Information Technology Park on August…

3 hours ago

Lahore’s Central Business District Completes PKR 9 Billion Smart Road Project

Lahore, April 23, 2025 – The city of Lahore has successfully completed the construction of…

1 day ago

Chaaye Khana Unveils First-Ever Rooftop Outlet at Amazon Mall with Panoramic Views

ISLAMABAD, Pakistan – April 23, 2025 – Chaaye Khana, Pakistan's popular cafe renowned for its…

3 days ago

PM Shehbaz Inaugurates Murree Road Underpass Project

ISLAMABAD: Prime Minister Shehbaz Sharif laid the foundation stone for the Murree Road underpass on…

3 days ago

Pakistan Emerges as Prime Investment Destination, Say Real Estate Developers at Dubai Property Show

DUBAI: Pakistani real estate developers and representatives showcased a range of commercial and residential investment…

5 days ago

CDA to Transform Park Road Nursery Under Rs652 Million Gardenia Hub Project

ISLAMABAD: Capital Development Authority (CDA) is currently undertaking a major Rs652 million project to upgrade…

1 week ago