The Federal Board of Revenue (FBR) is preparing to significantly raise the valuation rates of properties in 42 major urban centers across Pakistan, with increases ranging from 20% to 100% based on the fair market value. This adjustment aims to align property valuations with current market conditions.

The FBR has finalized the revised valuation tables for these cities and plans to submit them to the Ministry of Law for review before their official release. The new valuation tables are expected to be issued in September 2024, sources told Raised By Numbers.

This update follows the previous issuance of valuation tables on September 13, 2022. The proposed revisions take into account the location and fair market value of different areas within the cities.

The cities affected by the upcoming changes include Abbottabad, Attock, Bahawalpur, Chakwal, Dera Ismail Khan, Dera Ghazi Khan, Faisalabad, Ghotki, Gujranwala, Gujrat, Gwadar, Hafiz Abad, Haripur, Hyderabad, Islamabad, Jhang, Jhelum, Karachi, Kasur, Khushab, Lahore, Larkana, Lasbela, Lodhran, Mandi Bahauddin, Mansehra, Mardan, Mirpurkhas, Multan, Nankana, Narowal, Peshawar, Quetta, Rahim Yar Khan, Rawalpindi, Sahiwal, Sargodha, Sheikhupura, Sialkot, Sukkur, and Toba Tek Singh.