Property Rates in Islamabad Surge by Up to 75%

Islamabad (Qudrat Roznama): Property rates in the capital city of Islamabad have increased by 15% to 75%, according to revised valuations issued by the Federal Board of Revenue (FBR) for residential and commercial properties.

Under the new FBR valuations, newly constructed residential properties up to five years old have been priced at Rs 3,000 per square foot. Properties older than five years have been assigned a rate of Rs 1,500 per square foot.

The updated rates, issued through a new SRO by the FBR, have replaced all previous property valuations.