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.
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.
Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…
Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…
Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…
Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…
Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…
Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
