Islamabad: The Federal Board of Revenue (FBR) has decided to increase the prices of immovable property by up to 75%.
According to sources FBR has fixed the property prices of 42 major cities of the country, the revised new prices have been finalised.
The new property valuation notification is likely to be released today, property values have been determined based on fair market value and location.
In the next phase, the new real estate prices of 15 more cities will also be added to the list.
