Following realtors’ outcry: FBR suspends controversial SRO till Jan 31st

ISLAMABAD: After hue and cry of the business community/real estate sector, the Federal Board of Revenue (FBR) has suspended notification SRO 2392(1)/2025 till January 31, 2026, which has substantially raised values of immovable properties within the jurisdiction of federal capital.

In this connection, the FBR has issued a notification here on Tuesday.

After issuance of the controversial SRO 2392(1)/2025, the transfer of immovable properties at the Capital Development Authority (CDA) came to a halt from December 8.

Real estate expert Ahsan Malik was optimistic that the suspension of the SRO 2392(1)/2025 would resume transfers at the CDA.

The FBR’s notification revealed that the valuation tables were revised for the whole of Pakistan on October 29, 2024 except for District Islamabad, due to a pending Federal Tax Ombudsman (FTO) complaint. Subsequently, SRO 2392(I)/2025 dated December 8, 2025 was notified for the fair market values of immovable properties of Islamabad. However, the Real Estate Associations and others approached FBR to revisit the table as certain areas reflected values which were higher than the actual market values.

Whereas, some of the cases were examined and some of the objections raised by the Real Estate Associations were found to be correct.

Therefore, it has been decided to re-evaluate the valuation table for District Islamabad.

Hence, SRO 2392(1)/2025 dated 08.12.2025 is hereby held in abeyance till January 31, 2026 or issuance of a revised SRO notifying fair market values of immovable properties of Islamabad, whichever is earlier. In the intervening period till 31.01.2026 or issuance of a new SRO for Islamabad whichever is earlier, SRO 1180(1)/2022 dated 27.07.2022 as amended by SRO 1610(1)/2022 dated 25.08.2022 will remain in the field.

This issues with the approval of the Competent Authority, the FBR added.

Copyright Business Recorder, 2025