The Federal Board of Revenue (FBR) just reduced immovable property valuation rates across five major cities in Punjab. Consequently, the authorities implemented these targeted changes on April 22, 2026. Instead of a blanket revaluation, the FBR focused on specific high-value housing schemes and emerging urban zones.
The new FBR property valuation rates officially apply to Multan, Faisalabad, Bahawalpur, Gujranwala, and Sialkot. Furthermore, the government will use these updated tables to calculate federal taxes. This explicitly includes capital gains tax and withholding taxes on property transactions.
To enforce this, the FBR issued separate statutory regulatory orders (SROs) for each region. Specifically, they released 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.
Ultimately, this exercise brings official property values closer to prevailing market rates. In Multan and Faisalabad, the FBR selectively amended specific localities without replacing the broader 2024 valuation structure. Meanwhile, the Bahawalpur revision heavily focused on DHA Bahawalpur and the Askari Housing Scheme.
Similarly, Gujranwala saw updates in defence schemes, Askari, and upscale private projects like Palm City. In Sialkot, the board revised specific serial numbers and updated rates for residential open plots and built-up properties. Officials confirmed these exact steps make valuations realistic while avoiding full-scale, citywide disruptions.
Previously, the property valuation framework in Islamabad went through multiple structural revisions this year. The FBR suspended a December 2025 notification, revised it downward in February, and amended it again. More recently, on April 16, the FBR offered an additional 10% to 35% reduction in valuation rates across several urban sectors in the capital. This move directly addressed stakeholder concerns and provided immediate relief to buyers and sellers.
