Wednesday, July 2, 2025
-Advertisement-

FBR Updates Karachi Property Valuation Rates, Effective November 1

- Advertisement -

The Federal Board of Revenue (FBR) has implemented revised property valuation rates for Karachi, effective November 1. This adjustment is part of a nationwide initiative to align property valuations closer to actual market prices, aiming to increase revenue and reduce property undervaluation.

New rates vary across Karachi’s neighborhoods. Properties on Abdullah Haroon Road are now valued at Rs. 5,000 per square foot, while Air Force Society properties stand at Rs. 30,000 per square foot. Akhtar Colony and Alfalah Society are set at Rs. 1,400 per square foot, and Ali Basti is valued at Rs. 700.

- Advertisement -

Additional valuations include Askari I, II, and III at Rs. 1,100 per square foot, Askari IV at Rs. 8,200, and Askari V at Rs. 15,000. In the Defence Housing Authority (DHA) areas, Phase I to VII is valued at Rs. 8,200 per square foot, Phase VII Extension at Rs. 5,000, and Phase VIII at Rs. 7,300.

The FBR’s broader policy targets a 75% valuation of actual market rates across 56 cities in an effort to enhance tax collection.

- Advertisement -

Stay updated with the latest and breaking news directly on your mobile phone by joining Headline PK's WhatsApp group!

 

 

Latest stories

-Advertisement-

Highlights of the Week
Related

Petrol, Diesel Prices May Surge by Up to Rs15/Litre

The government is preparing to impose another steep increase...

PM Shehbaz Removes PTV Fee from Electricity Bills, Launches Consumer-Led Billing App to Curb Overcharging

Prime Minister Shehbaz Sharif announced on Sunday the complete...

Sindh Bank selects PTCL to enhance Bank’s Digital Connectivity Infrastructure

Pakistan Telecommunication Company Limited (PTCL) and Sindh Bank have...
-Advertisement-
Join our Whatsapp Group for Exclusive News!
Join our Whatsapp Group for Exclusive News!