Islamabad: The Federal Board of Revenue (FBR) on Wednesday has notified the new valuation rates of immovable property including commercial, residential, apartments, flats and other areas of 40 major cities in Pakistan – including Peshawar, according to news sources.
Read: FBR increases valuation rates of immovable properties in Islamabad
Previously, FBR used to fix valuation rates for immovable property in 20 cities, however, now the number has increased to 40 cities and with increased area. This move has been introduced to broaden the tax base of the property sector. As per the new rates issues, the property in Peshawar will be taxes as the table attached.