In keeping with another promise to the International Monetary Fund (IMF), the Federal Board of Revenue (FBR) has released a fresh notification about official property rates in 56 cities around Pakistan.
Property prices in 45 of these cities will rise by up to 5 percent starting on November 1st, bringing them into line with about 80 percent of the going rates in the market.
However, in eleven major cities, including as Karachi, Lahore, Rawalpindi, Islamabad, and Multan, the previous property rates would not alter. Renowned cities like Rahim Yar Khan, Lasbela, Bahawalpur, Gwadar, Quetta, and Sargodha will also keep their current prices.
Other cities such as Peshawar, Abbottabad, Faisalabad, and Gujarat would also be subject to the increased prices. The tariffs for Attock, Haripur, Hyderabad, Wazirabad, Sahiwal, and Gujranwala have also been updated.
