FBR halts execution of new property prices

ISLAMABAD: The Federal Board of Revenue (FBR) has suspended implementation of new property prices till January 16.

According to the FBR, the revised valuation of the property will be announced on January 15. All the Chief Commissioners will set up Valuation Review Committees by December 10 and the committees will consult with all the real estate sector.

According to the announcement, the FBR SBP will also consult experts and town planners and the committees will finalize the proposals by January 10.

The FBR says representatives from the real estate sector can also make suggestions.

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