FBR yet to unveil property valuations for nine cities

The revision of property valuation rates by the Federal Board of Revenue (FBR) for 47 cities across the country is expected to impact the real estate sector, particularly buyers and sellers, in the days to come. The FBR was supposed to revise valuation tables for 56 cities. However, the release of tables for nine cities has been delayed, an official told Dawn. These cities include Karachi, Islamabad, Rawalpindi, Quetta, Multan, Bahawalpur, Rahim Yar Khan, Gwadar, and Lasbela. Of the 56 cities, 14 have been included for the first time. They are Chiniot, Wazirabad, Murree, Talagang, Kotli Sattiyan, Pakpattan, Vehari, Okara, Mandi Bahauddin and Bhakkar in Punjab and Kohat, Bannu, Nowshera, Ghora Gali in Khyber Pakhtunkhwa.