by furqanFollowing directives from the Board of Revenue Punjab, district administrations across the province have initiated a review and revision of property valuation rates. According to sources, the move comes after the Prime Minister was briefed that reducing tax-related hurdles in the real estate sector could significantly help attract foreign investment, particularly from the United Arab Emirates (UAE) and other Gulf countries.
The provincial government aims to make Pakistan a more competitive and investor-friendly destination. The exercise involves aligning local property valuation rates with Federal Board of Revenue (FBR) benchmarks for the upcoming fiscal year. The process is currently underway in multiple districts. The development has sparked discussion within the property sector. Industry observers are questioning whether the revised rates will genuinely boost overall transaction activity or primarily benefit large housing societies and developers, especially in major urban centers like Rawalpindi. Sources indicate that large-scale developers are expected to gain the most in the short term, while the impact on individual buyers and overall market activity remains uncertain. The revised valuation framework is being finalized ahead of the new fiscal year to streamline the investment environment in Punjab’s real estate sector.
