According to the notification, Karachi has been segregated into nine categories and residential and commercial plots in each category have been assigned different prices.
Moreover, FBR has set prices for the already constructed residential and commercial properties.
Prices for the category comprising areas of Dhoraji, Clifton, Civil Line, DHA phase one and two are as follows : (per square yard)
Under category 'Two' the prices are as follows (per square yard):
Defence Housing Scheme Malir, Federal-B Area, and Firdouse Colony make up category 'Two'.
Prices for category 'Three' are as follows (per square yard):
Category 'Three' comprises areas of Bufferzone, KDA Scheme 7, Darakshan Cooperate Society, and Dehli Colony, Dawn News reported.
Moreover, Property prices in federal capital have also been overhauled by the FBR.
According to the FBR notification, the prices of plots in the federal capital have been increased from Rs22,000 to Rs56,000 per square yard in Sector F-7.
Similar to Sector F-7, the following areas of federal capital have observed an increase in prices (per square yard):
Sector I-11 plots would be traded at Rs26,000 and Sector I-8 price have been set at Rs38,000 (per square yard).
Prices have also doubled in Islamabad's Blue Area.
Ground floor shops in the Supermarket area are priced at Rs123,000 per square yard.
In Sector F-8, ground floor shops are priced at Rs. 58,000 and at Rs. 70,000 per square yard in Sector F-9.
On the other hand, Association of Builders and Developers of Pakistan [ABAD] Senior Vice Chairman Arif Yousuf Jeewa has said that after the issue of property valuation, the federal government is going to strangulate the construction industry.
“If the government implements this law by force, we will halt all construction activities throughout the country,” he asserted.
Pakistani currency remains largely same against US Dollar and other currencies on April 22, 2024 Monday.
US dollar was being quoted at 277.5 for buying and 280.5 for selling.
Euro stands at 293 for buying and 296 for selling while British Pound hovers at 342.25 for buying, and 345.65 for selling.
UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.5 | 280.5 |
Euro | EUR | 293 | 296 |
UK Pound Sterling | GBP | 342.5 | 346 |
U.A.E Dirham | AED | 75.2 | 75.9 |
Saudi Riyal | SAR | 73.3 | 74.05 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 740.55 | 748.55 |
Canadian Dollar | CAD | 201 | 203 |
China Yuan | CNY | 38.47 | 38.87 |
Danish Krone | DKK | 39.78 | 40.18 |
Hong Kong Dollar | HKD | 35.53 | 35.88 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 903.11 | 912.11 |
Malaysian Ringgit | MYR | 58.08 | 58.68 |
New Zealand Dollar | NZD | 164.22 | 166.22 |
Norwegians Krone | NOK | 25.61 | 25.91 |
Omani Riyal | OMR | 723.2 | 731.2 |
Qatari Riyal | QAR | 76.45 | 77.15 |
Singapore Dollar | SGD | 204.5 | 206.5 |
Swedish Korona | SEK | 25.31 | 25.61 |
Swiss Franc | CHF | 305.47 | 307.97 |
Thai Bhat | THB | 7.56 | 7.71 |
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