The Islamabad property valuation update has been delayed by the FBR. The decision came amid protests by traders. The FBR suspended new rates for one and a half months. The delay aims to ease growing business concerns.
Meanwhile, the FBR officially put the revised valuation table on hold. The suspension will remain until January 31, 2026. It may end earlier if a new notification appears. The decision followed strong objections from stakeholders.
READ MORE:Property relief as valuations suspended
Earlier, business groups announced a protest on December 22. They rejected the new Islamabad property valuation table. Traders warned of a sit-in outside FBR offices. The pressure forced authorities to reconsider the rates.
Moreover, real estate groups highlighted unfair valuation increases. Some areas received values above market levels. The FBR admitted several objections were valid. Therefore, officials agreed to re-evaluate the table.
READ MORE:FBR puts Islamabad property valuation tables on hold
Until then, older rates will remain in effect. Taxes will follow the previous valuation rules. Business leaders say Islamabad property valuation hikes reached 1,700 percent. The FBR now faces pressure to fix Islamabad property valuation fairly.