The Federal Board of Revenue has reduced valuation rates for immovable properties in five major cities of Punjab, making targeted revisions in selected areas instead of carrying out a blanket revaluation.
The revised rates took effect on April 22, 2026, and apply to Faisalabad, Gujranwala, Multan, Bahawalpur and Sialkot. The updated valuation tables will be used to calculate federal taxes on property transactions, including capital gains tax and withholding taxes.
The FBR issued separate notifications for each city, including SRO650(I)/2026 for Multan, SRO651(I)/2026 for Faisalabad, SRO652(I)/2026 for Bahawalpur, SRO653(I)/2026 for Gujranwala and SRO662(I)/2026 for Sialkot.
Officials said the latest exercise was aimed at aligning notified property values more closely with prevailing market rates in selected localities, particularly in high-value housing schemes and emerging urban areas, while keeping the broader valuation framework intact.
In Multan, the revisions were selective and introduced through amendments to an earlier 2024 notification, with only certain localities and property categories updated. A similar approach was adopted in Faisalabad, where the FBR revised specific locations and property entries without changing the overall valuation structure.
In Bahawalpur, the changes mainly covered DHA Bahawalpur and the Askari Housing Scheme. In Gujranwala, updated rates were introduced for defence and Askari schemes, as well as upscale private housing projects including Palm City. In Sialkot, the FBR revised selected serial numbers and updated rates for residential open plots and built-up properties in specific areas.
Officials said the changes were intended to make official property values more realistic while avoiding a full citywide revaluation.
Separately, Islamabad’s property valuation regime has also undergone multiple revisions this year. A notification issued in December was first suspended, then revised downward in February, and later amended again.
More recently, the FBR offered a further reduction of 10% to 35% in valuation rates in several urban sectors through a notification issued on April 16, citing stakeholder concerns and the need to provide relief to buyers and sellers.
