FBR hikes property valuation in Peshawar for 2024

Property rates hike aims to increase tax revenue and attract investments
A representational image. — Depositphotos
A representational image. — Depositphotos

Starting November 1, the Federal Board of Revenue’s (FBR) new property valuation rates will apply in Peshawar, affecting property-related tax calculations.

With adjustments based on property type and specific areas, this revision aims to increase tax revenue and attract investments.

These rates affect taxes such as capital gains and withholding, following the FBR's 2022 update. Let’s take a look at the full details of these changes (also available on the FBR’s official website).