Fbr Revises Property Valuation Rates In Naval Anchorage Islamabad

The Federal Board of Revenue (FBR) has recently revised property valuation rates for Naval Anchorage in Islamabad, establishing distinct values for plots with and without possession. According to the newly issued SRO 332(I)/2026, residential open plots with possession are now valued at Rs 20,000 per square yard, while those without possession are set at Rs 8,000 per square yard. For commercial properties, the rates are Rs 13,774 per square yard for plots with possession and Rs 8,000 for those without. Additionally, the valuation for Agro/Poultry/Vegetable Farms has been updated, with farms with possession valued at Rs 2,000,000 per kanal and those without at Rs 800,000 per kanal (Profit Pakistan, February 25, 2026; Business Recorder, February 24, 2026). This change marks a significant shift from the previous system, which did not differentiate between possession statuses, potentially impacting property transactions and tax obligations in the region.