FBR decides to review property valuation rates

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to review the property valuation rates.

Statement from FBR Spokesman

An FBR spokesman said the new immovable property rates would be worked out in consultation with various market stakeholders.

It may be recalled that recently FBR had fixed new valuation rates of properties in 40 major cities of Pakistan.

Following the FBR’s announcement, the Association of Realtors announced a nationwide wheel jam strike from Friday this week. He said that with the said action of FBR