ISLAMABAD: The Federal Board of Revenue (FBR) of Pakistan has notified that real estate valuation rates were revised downward in 16 areas of the six major cities of the country.

An official announcement on Wednesday said that of all localities, only one (Hayatabad) out of 335 residential localities in Peshawar was readjusted and one (Eden Orchids) in 395 from Faisalabad.

It further revealed six localities namely Gujarpura, Anmol Cooperative Housing Society, Attari Saroba, Balhar, Dev Khurd Kalan and EME Society from 1234 localities of Lahore and three sectors of I-15, I-16 and E-12 in the 64 localities of the federal capital to be recalibrated.

Internews