The FBR has suspended new property valuations until January 16th.

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...

Protesting realtors have threatened to close Islamabad’s major roads on December 10th

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...

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