The Federal Board of Revenue issued new valuation notifications today. The changes apply to five major cities of Punjab. This means FBR reduces property valuation rates in Faisalabad, Gujranwala, Multan, Bahawalpur, and Sialkot. The revised rates took effect on April 22, 2026. Authorities will use the new valuation tables to calculate federal taxes, including capital gains tax and withholding taxes on property transactions. The FBR issued separate SROs for each city.

The approach avoids a blanket revaluation across entire cities. Instead, FBR reduces property valuation rates in selected localities, particularly high-value housing schemes and emerging urban areas. In Multan, the changes target only certain localities and property categories through amendments to the earlier 2024 notification. Faisalabad received similar treatment, with the FBR amending identified locations without replacing the overall valuation structure. Officials said the changes fine-tune market values in selected urban zones.

In Bahawalpur, the revision focuses mainly on DHA Bahawalpur and the Askari Housing Scheme. Gujranwala sees updated valuations in defence and Askari schemes, as well as upscale private housing projects such as Palm City. Sialkot receives revised rates for residential open plots and built-up properties in selected locations. The FBR reduces property valuation rates to bring official values closer to prevailing market rates. The broader valuation framework remains intact.

Islamabad has already gone through multiple revisions this year. A notification issued in December last year was first suspended, then revised downward in February, and later amended again. On April 16, the FBR offered a further reduction of 10 to 35 percent in several urban sectors.