Syed Sadat Hussain Shah, President of Tourism and a leading voice in the real estate sector, has welcomed the Federal Board of Revenue’s (FBR) recent decision to relax property tax rules, calling it a major boost for Pakistan’s real estate market. He said the new measures will significantly ease the process for homebuyers, investors, and developers, especially those working in affordable and mid-income housing projects.
According to Syed Sadat Hussain Shah, the updated policy includes the removal of unnecessary conditions on property transactions and an increase in the permissible limit for purchasing residential plots and houses. With the ceiling raised up to 2,000 square feet and financing options enhanced for mortgage borrowers, more families will now be able to access homeownership with greater ease.
He stated that allowing tax exemptions and more flexible documentation will also help overseas Pakistanis invest confidently in the sector. The relaxation of property valuation adjustments and the improved tax threshold of up to PKR 50 million for mortgage financing will, he said, encourage long-term investment and attract new buyers to the market.
Syed Sadat Hussain Shah further noted that these reforms will revive real estate activity and support related industries such as construction, building materials, and housing development. He added that policies like the removal of double taxation and the easing of Section 236C on property transactions will help bring stability and transparency to the market.
He concluded that the FBR’s initiative is a promising step toward sustainable growth, enabling more people to invest in property and helping create a healthier, more accessible real estate environment across the country.
