In a significant move, the Federal Board of Revenue (FBR) has temporarily suspended notification SRO 2392(I)/2025, which had sharply raised property valuation rates in Islamabad, until January 31, 2026.
The decision was announced through an official notification issued on Tuesday. Earlier, revised valuation tables for immovable properties across Pakistan were notified on October 29, 2024. However, Islamabad was excluded at that time due to a complaint pending with the Federal Tax Ombudsman (FTO).
Later, on December 8, 2025, the FBR issued SRO 2392(I)/2025 to introduce updated fair market values for residential and commercial properties in the federal capital. Soon after, real estate associations and other stakeholders raised concerns, arguing that the new rates in several areas were significantly higher than actual market prices.
After reviewing these objections, the FBR acknowledged that some of the concerns were valid and decided to re-examine the valuation table for Islamabad. As a result, the notification has been put on hold until January 31, 2026, or until a revised SRO announcing updated fair market values is issued, whichever comes first.
During this interim period, older valuation rates under SRO 1180(I)/2022, along with its amendments issued in August 2022, will continue to apply. The FBR stated that the suspension was approved by the competent authority.
The move comes amid strong opposition from the business community, which had rejected the steep increase in property values and announced plans for a protest and sit-in outside FBR House on December 22 if the notification was not withdrawn. Under the suspended SRO, property values in some parts of Islamabad had reportedly been raised by as much as 1,700 percent.
Read more: FBR Revises Property Valuation in Islamabad
