ISLAMABAD ( WNAM REPORT): Vice President of the Islamabad Estate Agents Association, Babar Bhatti, has said that the consensus reached between stakeholders and the Federal Board of Revenue (FBR) on the property valuation table is a positive development. He stated that a valuation table prepared through mutual consultation will not only be aligned with ground realities but will also help reduce the uncertainty faced by investors.
He noted that in the past, unilateral and frequent changes to the valuation table had severely affected the real estate market, weakening investment trends. However, a system developed through cooperation between the FBR and stakeholders will promote transparency, ease, and stability.
Babar Bhatti expressed hope that the implementation of the new valuation table would expand the tax net, increase revenue, and encourage legal and documented transactions. He emphasized that all relevant stakeholders should continue to be taken into confidence in future policymaking so that the path toward sustainable economic growth can be paved.
