Islamabad: Authorities have finalised FBR valuation rates following consultations between the Federal Board of Revenue and representatives of the real estate sector, a development that industry participants say could help ease uncertainty in property transactions.
The decision was reached after meetings involving the Federation of Realtors Pakistan, real estate associations operating in Islamabad, representatives of housing societies, and other relevant stakeholders. Officials said the valuation rates were agreed through consensus after reviewing concerns raised by market participants.
According to participants, the revised valuation framework is expected to support smoother property dealings by reducing discrepancies between official rates and market conditions. Real estate representatives said the outcome may help restore investor confidence and improve transparency in transactions linked to taxation and documentation.
Stakeholders stress transparency and market stability
Those present at the discussions said that mutually agreed valuation rates could address long-standing issues faced by buyers, sellers, and developers, particularly in Islamabad’s property market. They noted that clearer benchmarks may help reduce disputes and administrative delays associated with property transfers.
The meeting was attended by senior representatives of the real estate and business community, including officials from the Islamabad Chamber of Commerce and Industry and the Islamabad Estate Agents Association.
Industry reaction
Representatives of the Federation of Realtors Pakistan said the consultations reflected growing coordination between tax authorities and the property sector. While welcoming the outcome, participants stressed the importance of continued engagement to ensure valuation mechanisms remain aligned with market realities.
The revised valuation rates are expected to be implemented for property transactions in Islamabad, with industry observers closely watching their impact on market activity in the coming months.
