Business & Finance Print edition: 2026-02-02

Suspension of SRO ends on Jan 31st; higher Islamabad property values restored from Feb 1

Published February 2, 2026 Updated February 2, 2026 05:59am

2 min

By Sohail Sarfraz

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ISLAMABAD: The suspension period of SRO.2392(1)/2025 on enhanced values of immovable properties in Islamabad has been expired on January 31, 2026 and technically substantially raised new values have been restored from February 1, 2026.

When contacted, real estate expert Ahsan Malik told Business Recorder that the FBR needs to immediately issue a new notification on agreed values of immovable properties within the jurisdiction of federal capital.

The new values have been agreed between the FBR and the real estate sector.

The FBR can also extend the suspended period through issuance of another SRO on Monday (today).

If the FBR will not take timely decision, the SRO 2392(1)/2025 has been restored automatically, he added.

In the past, Federal Board of Revenue (FBR) had suspended notification SRO 2392(1)/2025 till January 31, 2026, which has substantially raised values of immovable properties within the jurisdiction of federal capital.

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 was decided to re-evaluate the valuation table for District Islamabad.

Hence, SRO 2392(1)/2025 dated 08.12.2025 was 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.

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