ISLAMABAD: Acting on the directions of Prime Minister Shehbaz Sharif, the Federal Board of Revenue (FBR) has suspended the newly notified property valuation table for Islamabad, giving relief to the public and the real estate sector.
Property valuation tables across the country were revised on October 29, 2024. However, the revision for Islamabad was delayed due to complaints pending before the Federal Tax Ombudsman.
For Islamabad, the FBR issued a fresh SRO on December 8, 2025. Soon after, the move stirred up a hornet’s nest, as the public and real estate stakeholders complained that the notified values were much higher than actual market rates. They argued that the new table pushed property taxes above real market prices, putting an extra burden on buyers and sellers.
Following the prime minister’s intervention, the FBR reviewed the objections raised by citizens and the real estate sector and found some of them to be valid. As a result, it decided to take a step back and reassess the valuation.
According to the notification, SRO 2392(I)/2025 has been suspended until January 31, 2026, or until a revised SRO is issued, whichever comes first. During this period, the valuation table for Islamabad will be re-examined and re-determined.
The decision is seen as a breather for the real estate market, which had warned that the higher valuations could slow down transactions and hit the sector where it hurts most.