FBR sharply cuts property values of FOECHS Rawalpindi

According to Business Recorder, the Federal Board of Revenue has pushed down the official valuation of plots in two classes within the Foreign Office Employees Cooperative Housing Society in Rawalpindi. The amendment, issued on Monday as SRO 1382(I)/2026, revises a notification dated October 29, 2024. Only the per square foot rates in Column (6) were changed, for entries 6166 and 6167.

Entry 6166, an on-road commercial plot, saw its rate fall from Rs8,542.5 to Rs7,353 per square foot, a cut of Rs1,189.5 or roughly 13.93 percent. Entry 6167, an off-road residential plot, dropped from Rs5,025.1 to Rs1,431 per square foot, a reduction of Rs3,594.1 or about 71.55 percent. Superstructure rates of Rs2,290 and Rs980 per square foot were not revised.

Business Recorder noted that the entry numbers are serial numbers in the FBR valuation table, not PCT/HS codes. The 2024 notification had itself replaced an earlier 2022 Rawalpindi valuation notification covering residential, commercial and agricultural properties.