KARACHI: According to an official, the Federal Board of Revenue (FBR) has delayed new property valuations until January 16 to investigate anomalies raised by important stakeholders. “It has decided to review and revisit the notified valuation tables wherever overvaluation or undervaluation is pointed out by the stakeholder including real estate agents and town developers,” the official said. “All...
Real Estate
ISLAMABAD: Real estate developers and builders have criticised the Federal Board of Revenue’s (FBR) recent property valuation and have threatened to hold protests on the Faizabad and Islamabad Expressways on December 10. Sardar Tahir Mehmood, president of the Federation of Realtors Pakistan and the Islamabad Estate Agents Association, stated that it appeared the FBR was determined to repeal the...
KARACHI: The Federal Board of Revenue (FBR) notified fresh and revised valuations of immovable properties for various cities across the country on Wednesday to bring declared prices in line with fair market value. The FBR issued valuation and revaluation orders for immovable properties in 16 cities across the country. Abbottabad, Attock, Bahawalnagar, Bhawalpur, Chakwal, Toba Tek Singh, D I Khan,...