In a major move to provide relief to the real estate sector, the Federal Board of Revenue (FBR) has officially reduced the notified valuation rates for immovable properties in Lahore and Rawalpindi.
The apex tax authority issued two separate legal notifications on Tuesday, establishing the newly adjusted, downward-revised property valuation tables for both major urban centers. These rates serve as the foundational baseline for calculating federal property taxes, including Capital Gains Tax (CGT) and advance withholding taxes on buying and selling.
Following a similar relief package recently notified for Islamabad, this latest adjustment expands the government's targeted tax-easing initiative. With Lahore and Rawalpindi now included, the total number of cities across Pakistan where the FBR has scaled back property valuations has reached eight, signaling a strategic effort to stimulate activity in the cooling housing market.
