HomepageArticles by: Bushra Farooq

Author: Bushra Farooq

Dedicated and detail-oriented SEO Content Writer, Real Estate Writer, and Research Analyst based in Islamabad, with proven expertise in developing accurate, valuable, and well-researched content. Skilled in analytical writing, market research, and reporting, with the ability to turn insights into clear, professional, and impactful content. Passionate about exploring new ideas, analyzing industry trends, and contributing to high-quality writing and research-driven projects.
Solar Project Set to Turn Keenjhar Lake
CategoriesNews Developments Economy Investment Power/Energy Urban Developments & Planning

$243 Million Solar Project Set to Turn Keenjhar Lake Into a Power Plant

KARACHI: The Pakistani government has announced plans to develop a 500-megawatt floating solar power project at Keenjhar Lake in Sindh, marking a significant milestone in the country’s transition to clean, renewable energy. The project, estimated to cost $243.63 million, is projected to generate approximately 861.91 gigawatt-hours of electricity annually, operating at a capacity factor of 19.6%.

The electricity generated by the facility will be supplied to K-Electric under a long-term power purchase agreement. A letter of intent has already been secured from K-Electric, and the process to select Engineering, Procurement and Construction contractors through competitive bidding is currently underway. The Sindh Transmission and Dispatch Company has also signed a memorandum of understanding with GO Energy Private Limited to facilitate power transmission from the project site.

Situated 137 kilometres from Karachi on the surface of Keenjhar Lake, one of Sindh’s largest freshwater bodies, the project will utilise approximately 1,606 acres of the lake’s surface to accommodate nearly one million solar panels. The floating design offers dual advantages: it eliminates land acquisition challenges associated with conventional solar installations and leverages the natural cooling effect of water to improve panel efficiency and overall energy output.

The initiative aligns with Pakistan’s 2030 emissions reduction targets and is part of a broader national push to diversify energy sources and reduce dependence on costly imported fossil fuels. Construction is expected to commence in 2026, with commercial operations projected to begin by 2028. The project is also anticipated to generate significant employment during both the construction and operational phases.

However, the project has drawn concern from local fishing communities and environmentalists. As Keenjhar Lake falls within a designated Ramsar wetland site, experts have flagged potential risks to migratory bird habitats and local fisheries, underscoring the need for thorough environmental oversight throughout the project’s development.

For more news on real estate and special reports, visit Chakor Ventures.

Kunhar River
CategoriesEntertainment Tourism

Kunhar River: Amazing Visitor Guide 2026

Pakistan is home to some of the world’s most stunning rivers. But few can match the raw beauty of the Kunhar River. This magnificent waterway flows through the heart of Khyber Pakhtunkhwa, carving a breathtaking path through northern Pakistan. Whether you are a nature lover, an adventure seeker, a cultural explorer or want a celestial escape, the Kunhar River has something extraordinary to offer.

This complete visitor guide covers everything you need to know before your 2026 trip.

What Is the Kunhar River?

Kunhar River

The Kunhar River is a 177-kilometre-long river located primarily in Khyber Pakhtunkhwa province. It flows through the iconic Kaghan Valley, which is one of Pakistan’s most visited regions. The river is part of the larger Indus River watershed basin.

Locally, the river is also known as Nain-Sukh, which beautifully translates to “eye’s repose.” The name perfectly captures the visual peace this river brings to everyone who sees it.

Quick Facts:

Feature Detail
Length 177 km (110 miles)
Source Lulusar Lake
Source Elevation ~3,410–3,950 m above sea level
Mouth Jhelum River, near Muzaffarabad
Province Khyber Pakhtunkhwa
Average Discharge 101 m³/s
Water Temperature 10–15°C

Where Does the Kunhar River Originate?

Kunhar River Originate

The Kunhar River begins its journey at the serene Lulusar Lake. This stunning lake sits at approximately 3,410 metres above sea level, near the famous Babusar Pass. The surrounding Himalayan peaks feed the river through glacial meltwater and natural springs.

Additional water comes from Dudipat Lake and Saif-ul-Mulook Lake. Glaciers from Malka Parbat and other high peaks also contribute to the river’s flow. This is what keeps the Kunhar River so pure and ice-cold year-round.

The Route: From Source to Sea

The river does not travel in a straight line. It weaves through some of Pakistan’s most dramatic landscapes along the way.

Kunhar River Originate

Here is the path the Kunhar River follows:

Lulusar Lake → Naran → Kaghan → Jalkhand → Balakot → Garhi Habibullah → Dalola → Jhelum River (Muzaffarabad)

Each town along this route has its own charm. Naran is the most popular tourist stop. Balakot serves as the entry gateway for most travellers. Garhi Habibullah is a quieter town with scenic riverside spots. The journey ends where the Kunhar River merges with the Jhelum River near Muzaffarabad in Azad Jammu and Kashmir.

Top Attractions Along the Kunhar River

The most breathtaking stops along the Kunhar River, from the serene Lulusar Lake to the fairy-tale Saif-ul-Mulook and the lively streets of Balakot.

Lulusar Lake: The Birthplace

Lulusar Lake

Lulusar Lake is where the entire story begins. Sitting at over 3,400 metres, this pristine alpine lake is surrounded by snow-capped peaks. It is perfect for photography, boating, and peaceful picnics. Arriving here feels like stepping into another world entirely.

Babusar Pass: Panoramic Views

Babusar Pass

Babusar Pass stands at 4,173 metres above sea level. From here, you get breathtaking aerial views of the Kunhar River winding through green valleys far below. This pass also connects Kaghan Valley to Gilgit-Baltistan. It is typically open from May to October, so plan accordingly.

Naran and Kaghan Valley: The Heart of the River

Naran and Kaghan Valley

Naran is the most beloved tourist destination along the entire river corridor. The town sits right alongside the fast-flowing waters. Visitors come here for rafting, fishing, camping, and simply soaking in the views. Kaghan Valley adds dense forests and alpine meadows to the experience.

Saif-ul-Mulook Lake

Saif-ul-Mulook Lake

This magical lake near Naran is fed by the Kunhar River system. It is famous for its mythical folklore and crystal-clear reflections of the surrounding peaks. Foreign tourists frequently rate it among Pakistan’s top natural wonders. The boat rides here are absolutely unforgettable.

Shogran and Siri Paye Meadows

Shogran and Siri Paye Meadows

Shogran is a high-altitude plateau that overlooks the Kunhar River valley. The nearby Siri Paye Meadows are accessible by jeep and offer stunning views. Hiking and horse riding are popular activities here. The green meadow carpet against the backdrop of snowy peaks is a photographer’s dream.

Balakot: The Gateway Town

Balakot

Balakot is a historic town that greets you as you enter Kaghan Valley. It sits right beside the Kunhar River and offers traditional bazaars, local food, and riverside seating. It is a great place to rest before heading further north toward Naran.

Adventure Activities on the Kunhar River

The Kunhar River is not just beautiful to look at. It is a full adventure playground.

White-Water Rafting

White-Water Rafting

Rafting is the most thrilling activity on the river. The official rafting point sits approximately 4 kilometres from Naran town toward Babusar Top. You can reach it by jeep, car, or even on foot. The cost is around 500 PKR per person for a 2-kilometre stretch. Every raft includes a certified instructor.

Life jackets are mandatory. Shoes are not allowed inside the raft. The changing glacial climate has raised water levels in recent years, making rafting even more exciting. At the end of the rafting stretch, food stalls serve fresh trout and live BBQ. It is a full experience from start to finish.

Trout Fishing

The Kunhar River is legendary for its trout. Brown trout and rainbow trout thrive in these icy, clean waters. Many anglers consider this one of the finest trout fishing destinations in the entire Indian subcontinent. You will need a fishing permit from the local authorities. The best fishing spots are found near Naran, Kaghan town, and Garhi Habibullah.

Kayaking and Stand-Up Paddleboarding

Kayaking and Stand-Up Paddleboarding

Kayaking expeditions on the Kunhar River are available through licensed tour operators. Stand-up paddleboarding and river float trips are also offered. These activities give you an up-close, personal connection with the river’s flow and surroundings.

Camping and Bonfires

camping

Camping beside the Kunhar River is a magical experience. The sound of flowing water, crisp mountain air, and a sky full of stars create an atmosphere unlike anywhere else. Popular camping sites are available in Naran, Shogran, and the wider Kaghan Valley. Always book a designated camping spot to stay safe.

Hiking and Trekking

Numerous trails fan out from the riverbanks. These lead to hidden waterfalls, alpine meadows, and remote mountain villages. Notable destinations include Lalazar Plateau, Ansoo Lake, and Dudipatsar Lake. Trails are available for beginners and experienced trekkers alike.

Chair Lifts and Jeep Safaris

For a more relaxed adventure, chair lifts near the river offer bird’s-eye views of the entire valley. Jeep safaris let you explore rugged terrain that no regular car can access. Both options are widely available and family-friendly.

Best Time to Visit the Kunhar River in 2026

Choosing the right season makes a huge difference to the quality of your trip.

Season Months What to Expect
Spring April – June Wildflowers bloom, pleasant weather, great for fishing
Summer July – September Best for rafting, trekking, and high-altitude lakes
Autumn October – November Golden foliage; fewer tourists; excellent photography
Winter December – March Snowfall; Babusar Pass closes; snow trekking only

The ideal window for most visitors is May through September. This period offers the best weather, the most open roads, and the widest range of activities.

How to Get to the Kunhar River in 2026

 By Air

Fly into Islamabad International Airport (ISB). This is the most common entry point for international tourists. From Islamabad, you can then travel by road to Naran. In summer, some travellers fly to Gilgit and enter via Babusar Pass for a scenic approach.

By Road from Islamabad

Take the Hazara Expressway (M-15) from Islamabad toward Mansehra. Continue through Balakot and then on to Naran. The total journey takes approximately 6 to 8 hours, depending on traffic and road conditions. Always check for monsoon-season landslides before departing, especially between July and September.

From Gilgit

Travel via Babusar Pass only during the summer months. The pass is typically closed from November to April due to heavy snowfall. This route is scenic but requires a 4×4 vehicle.

Cultural Significance of the Kunhar River

Cultural Significance of the Kunhar River

The Kunhar River is far more than a geographical feature. It is the cultural heartbeat of the Kaghan Valley. Local communities have lived along its banks for generations. Their agriculture, traditions, and daily life all revolve around the river’s rhythms. Festivals and rituals tied to the river are still practiced in riverside villages today. The river also plays a vital role as a water source for the Mangla Dam reservoir downstream.

Conservation and Responsible Tourism

According to the Pakistan Tourism Development Corporation, the Kunhar River is a nationally significant natural asset that demands collective protection. Pollution, unregulated tourism, and deforestation are putting pressure on the ecosystem.

Climate change is also affecting glacial meltwater patterns, which directly impacts the river’s flow. Scientists have studied the river’s run-of-river hydropower potential, highlighting its national strategic importance.

Every visitor has a responsibility to protect this precious resource.

Follow these responsible tourism practices:

  • Never litter along the riverbanks or water
  • Use biodegradable products during your trip
  • Obtain all required fishing and activity permits
  • Stay on designated trails and paths
  • Support local businesses and conservation efforts
  • Participate in clean-up events if available

Essential Travel Tips for 2026

  • Carry cash in Pakistani Rupees (PKR). ATMs are very limited in remote areas.
  • Check road and weather conditions before departure, particularly during the monsoon season.
  • Dress modestly and respect local customs and traditions throughout the valley.
  • Purchase travel insurance before attempting any adventure activities.
  • Hire licensed local guides for rafting, trekking, and kayaking for maximum safety.
  • Water in the river is cold year-round. Wear appropriate gear for any water activity.
  • International visitors must carry a valid Pakistani visa.

Frequently Asked Questions

What is the river that flows through Naran called? 

The river flowing through Naran is the Kunhar River, also locally called Nain-Sukh.

How long is the Kunhar River? 

It is 177 kilometres (110 miles) long.

Where does the Kunhar River start? 

It originates from Lulusar Lake near Babusar Pass at approximately 3,410 metres above sea level.

Where does the Kunhar River end? 

It merges with the Jhelum River near Muzaffarabad in Azad Jammu and Kashmir.

Is rafting on the Kunhar River safe for beginners? 

Yes. Guided sections near Naran are suitable for beginners. Licensed instructors accompany every raft.

What fish can I catch in the Kunhar River? 

Brown trout and rainbow trout are the most sought-after species.

Is the Kunhar River the same as the Chitral River?

No. This is a common misconception. The Chitral (Kunar) River is a completely separate river in KPK.

Conclusion

The Kunhar River is one of Pakistan’s most complete natural destinations. It offers crystal-clear glacial waters, thrilling adventures, rich cultural heritage, and some of the most dramatic mountain scenery on earth. From its peaceful origin at Lulusar Lake to its powerful meeting with the Jhelum River near Muzaffarabad, every kilometre of this river tells a breathtaking story.

For more informative blogs on topics like Altit Fort and Gurudwara Janam Asthan Nankana Sahib, visit Chakor Blogs.

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FBR Gets Formal Mandate to Levy
CategoriesNews Economy Tax

FBR Gets Formal Mandate to Collect PDL and Climate Support Levy

ISLAMABAD: The federal government has officially authorised the Federal Board of Revenue (FBR) to collect the Petroleum Development Levy (PDL) and Climate Support Levy (CSL) on petroleum products across Pakistan. The move formally designates the tax authority as a collection agent of the Ministry of Petroleum and Petroleum Division, marking a significant shift in the administrative handling of energy-related levies.

The development follows the issuance of SRO 800(I)/2026 by the FBR, which introduces key amendments to the Sales Tax Rules 2006. The notification establishes a revised collection mechanism under which the FBR will operate on behalf of the relevant ministries, streamlining the levy collection process within the existing legal framework.

A central feature of the new framework is the introduction of a Domestic Sales Invoice (DSI) system, designed to standardise reporting and strengthen compliance throughout the petroleum supply chain. Under this arrangement, all registered purchasers of petroleum products, including petrol pump operators, are now required to submit comprehensive transaction data in a prescribed format.

The mandatory disclosures include buyer details such as National Tax Numbers (NTN) and Computerised National Identity Card (CNIC) numbers, alongside HS codes, transaction dates, quantity sold in litres, total sales value, and separately itemised PDL and CSL amounts. Where exemptions or zero-rated supplies apply, relevant statutory references must also be provided.

The amendments specifically update Annexure-L of the monthly sales tax return form STR-7. Officials noted that the Climate Support Levy, introduced in the Finance Bill 2025 and effective since July 1, 2025, is intended to fund measures to address environmental and climate-related challenges.

Importantly, FBR officials clarified that no changes have been made to existing tax rates or the overall levy structure. The revision is purely administrative, aimed at improving documentation, transparency, and reporting standards across the petroleum sector.

For more news on real estate and special reports, visit Chakor Ventures.

New Safety Code for Construction Industry
CategoriesNews Construction Property Laws Real Estate

Pakistan Introduces New Safety Code for Construction Industry

ISLAMABAD: The Government of Pakistan has approved a national Code of Practice on Occupational Safety and Health (OSH) for the construction sector, marking a landmark advancement in worker protection across one of the country’s most hazardous industries.

Issued through a Statutory Regulatory Order (SRO), the Code establishes legally binding minimum safety and health standards for all construction activities, including building works, civil engineering projects, infrastructure development, and demolition operations. It applies to the full lifecycle of construction projects from planning and design through to execution and completion, ensuring that safety is embedded at every stage rather than treated as an afterthought.

A defining feature of the new framework is its explicit inclusion of informal and unregistered workers, who constitute a substantial proportion of Pakistan’s construction workforce. By extending legal protections to all workers regardless of employment status, the Code addresses longstanding gaps in labour rights enforcement and promotes non-discriminatory access to safety measures, including for migrant labourers and daily wage workers.

The Code was developed through a tripartite process involving government, employers, and workers’ representatives, co-led by the International Labour Organization (ILO) and the Pakistan Engineering Council (PEC). It aligns with internationally recognised standards, including the ILO’s global Code of Practice on OSH in construction, while being anchored in Pakistan’s existing regulatory framework.

To strengthen accountability, the Code introduces enhanced inspection mechanisms, clear compliance benchmarks, and defined enforcement responsibilities for both federal and provincial authorities.

Geir Tonstol, ILO Country Director for Pakistan, welcomed the development, noting that with enforceable standards now in place, the priority must shift firmly to implementation.

The Code will come into force one year after its official notification, allowing stakeholders time to align operations, build capacity, and prepare for nationwide adoption.

In this regard, Islamabad-based real estate developer Chakor Ventures has already demonstrated alignment with such national safety imperatives at its Citadel 7 project. The company maintains a robust “Safety First” culture across its construction operations, emphasising consistent adherence to safety protocols, proactive hazard identification, and preventive risk management. Chakor Ventures remains committed to completing its projects with an exemplary safety record, setting a positive benchmark for the private sector. 

For more news on real estate and special reports, visit Chakor Ventures.

Bundal Island
CategoriesEntertainment Tourism

Bundal Island 2026: Latest Updates and Trusted Details

Karachi is Pakistan’s largest city. It stretches along the coastline of the Arabian Sea. Most people know its busy streets and crowded markets. Many visitors explore popular spots like Manora Beach Karachi along the way. But just off its coastline lies a hidden treasure that even fewer people know about. Bundal Island is that treasure. This small, uninhabited island surprises every visitor. It offers pristine beaches, rich history, and an untouched ecosystem. Yet very few people talk about it. This guide covers everything you need to know about Bundal Island, from its location and wildlife to its billion-dollar development story.

Quick Facts

Feature Details
Official Name Bundal Island
Other Names Bundaar, Bhandar Island, Bundle Island, Bhandar
Location Arabian Sea, Karachi, Sindh, Pakistan
District Malir District, Karachi
Coordinates 24.726118°N, 67.123833°E
Total Area ~24 km² (9.4 sq mi)
Highest Elevation 6 metres (20 ft)
Island Type Uninhabited
Neighbouring Islands Buddo Island, Khiprianwala Island, Charna Island
Access Point Kemari Harbor, Karachi
Mode of Access Boat only
Key Landmark Tomb of Sufi Saint Yousuf Shah
Annual Event Urs of Yousuf Shah
Ecosystem Mangrove forests, coral reefs, and marine life
Ownership Dispute Sindh Government vs Port Qasim Authority
Disputed Land Area 12,000 acres (49 km²)
Proposed Investment $50 billion (PIDA, 2020)
Development Status Undeveloped (as of 2025)

What Is Bundal Island?

Bundal Island

Bundal Island is a small island located in the Arabian Sea. It sits southeast of Karachi’s DHA (Defence Housing Authority) area. The island spans approximately 24 square kilometres. It is part of the Indus River Delta.

The island goes by several names. Locals call it Bundaar. It is also known as Bhandar Island or Bundle Island. In Urdu, it is written as جزیرہ بھنڈار, and in Sindhi as ڀنڍار ٻيٽ.

The island is currently uninhabited. No permanent residents live there. It is mostly visited by local fishermen, pilgrims, and nature enthusiasts. Its twin island, Buddo, lies to its west. Khiprianwala Island is also nearby.

Location and How to Get There

Bundal Island is easy to locate on a map. Its coordinates are 24.726118°N latitude and 67.123833°E longitude. The island stands opposite DHA Phase 8’s Do Darya area. On a clear day, it is visible from the shoreline.

Getting there is straightforward. Visitors can reach the island by taking a short boat ride from Kemari Harbor in Karachi. It serves as the main gateway to the island.

The boat journey is short and scenic. The ride gives you a beautiful view of the Arabian Sea. It also offers a fresh perspective on the Karachi coastline.

There are currently no bridges or roads connecting the island to the mainland. All access is by water. It is advisable to hire a local fisherman’s boat. Go during daylight hours for safety. The best season to visit is between October and March when the weather is cool, and the sea is calm.

A Brief History of Bundal Island

Brief History of Bundal Island

Bundal Island has a long and layered history. Local fishermen have known it for generations. They pronounced its name as Bhandar in their dialect.

The island has strong spiritual roots. It is home to the shrine of the Sufi saint Yousuf Shah. His annual Urs at the tomb attracts thousands of people from the coast to the island.

During the Urs festival, the island transforms completely. Pilgrims arrive by boat from all around Karachi. Food stalls appear. Music fills the air. For those few days, the once-quiet island bursts with life and devotion.

Beyond its spiritual heritage, the island has also been at the centre of several major development plans. Each plan promised to change its future. So far, the island remains as it always was, peaceful and undeveloped.

A Quick Historical Timeline:

  • Pre-2000s: Island known mainly to local fishermen and pilgrims
  • 2013: Bahria Town announces a $20 billion development deal
  • 2019: PM Imran Khan reviews new development proposals
  • 2020: Pakistan Islands Development Authority (PIDA) is formed
  • 2021: PIDA ordinance lapses; island remains undeveloped
  • 2025: Island still in the planning stage

Things to Do at Bundal Island

Bundal Island may not have five-star resorts. But it offers something better, a raw, untouched nature. Here are the top things to do when you visit.

Relax on Pristine Beaches

Relax on Pristine Beaches

The beaches here are quiet and clean. There are no crowds. No vendors. No noise. Just the sound of waves and wind. It is a perfect escape from Karachi’s chaos.

Snorkelling and Marine Exploration

The surrounding waters are full of marine life. They are excellent for snorkelling and scuba diving. Visitors can explore the underwater world and witness colourful coral reefs and various fish species.

The water visibility is excellent in the winter months. Bring your own snorkelling gear as no rentals are available on the island.

Birdwatching

The island sits within the Indus Delta migration corridor. Many migratory bird species pass through every year. Native waterbirds are also present year-round. Birdwatchers will find this island very rewarding. Early morning is the best time to spot birds.

Photography

Bundal Island is a photographer’s dream. Wide-open beaches, the blue Arabian Sea, mangrove patches, and dramatic skies create stunning shots. The golden hour just after sunrise or before sunset is magical here.

Visit the Tomb of Yusuf Shah

tomb of the Sufi saint Yusuf Shah

This is the island’s most significant landmark. The tomb of the Sufi saint Yusuf Shah sits peacefully on the island. It holds deep cultural and religious value. Whether you are a pilgrim or a curious traveller, it is worth visiting with respect.

Island Hopping

The neighbouring Buddo and Charna Islands add to the area’s allure. You can arrange a combined island tour with local boatmen. Each island has its own character and charm.

Water Sports

Basic water activities are possible here. Kayaking is popular among adventure visitors. Some groups also bring their own jet-skiing equipment. The open sea and clean water make it ideal for water-based activities.

Ecosystem and Wildlife

Ecosystem and Wildlife

This is where Bundal Island truly stands apart from other tourist spots. Its ecological value is immense.

The island boasts vital mangrove forests. It is part of the Indus Delta and hosts diverse marine life and bird species.

Mangrove forests are critical ecosystems. They protect coastlines from erosion. They serve as nurseries for fish and marine creatures. They also support hundreds of bird species. The island’s mangroves are a key part of the larger Indus Delta system.

The surrounding waters host a wide variety of marine life. Fish, crustaceans, and marine mammals are found here. The coral formations attract snorkellers and divers. The ecosystem is fragile and needs careful protection.

Environmental organisations have raised serious concerns about development plans on the island. The IUCN (International Union for Conservation of Nature) has published a position paper specifically about Bundal Island. It highlights the environmental risks of large-scale construction. Dredging, land reclamation, and infrastructure development could permanently damage the mangroves and marine life.

The Bundal Island Development Project 

This is perhaps the most talked-about aspect of Bundal Island. Over the years, several grand development plans have been announced. Each generated massive media attention. None has been completed.

Bahria Town Deal: 2013

In 2013, Bahria Town announced a joint venture with Thomas Kramer’s companies. The project was called Bodha Island City. It covered Bundal and Buddo Islands. The estimated cost was $20 billion.

The plan was breathtaking in scale. The proposed attractions included the world’s tallest building. There were also plans for the largest shopping mall, a sports city, educational and medical hubs, an international city, and a media city.

The project was expected to create approximately 2.5 million jobs. It aimed to provide housing for millions of people. It was set to be completed within 5 to 10 years. Residential handovers were expected to begin in 2016. None of this happened.

Pakistan Islands Development Authority (PIDA): 2020

Pakistan Islands Development Authority (PIDA)

In 2020, the federal government revived the idea of island development. Bundal Island was part of a $50 billion city development initiative. A new body, the Pakistan Islands Development Authority, was formed on September 2, 2020. It was dissolved on January 3, 2021. The presidential ordinance that established it failed to pass through parliament.

The federal government’s move was strongly criticised. Environmentalists raised alarms about damage to natural ecosystems. The provincial government of Sindh was not consulted. This created a major political conflict.

Ownership of Islands

There is a long-running dispute over the ownership of these islands. The provincial government of Sindh and the Port Qasim Authority both claim rights over 12,000 acres of land in this area.

PPP Chairperson Bilawal Bhutto Zardari publicly denounced the federal government’s move. He compared it to illegal annexation. The Sindh cabinet unanimously rejected the ordinance. They demanded that the federal government withdraw it immediately.

As of 2025, Bundal Island remains entirely undeveloped. It is still in the planning stage. The ownership dispute is unresolved. The environmental debate continues.

Bundal Island vs Buddo Island 

Bundal Island vs Buddo Island 

Many people confuse these two islands. They are neighbours, but they are not the same.

Feature Bundal Island Buddo Island
Position Eastern island Western island
Key Landmark Tomb of Yusuf Shah More remote, fewer landmarks
Popularity More visited Less visited
Size ~24 km² Smaller
Development Plans Primary focus Included in joint plans

When most people talk about one, they usually mean the other as well. Both islands are part of the same disputed 12,000-acre zone. Both face similar environmental and development challenges.

Is Bundal Island Worth Visiting?

The honest answer yes, but only if you know what to expect.

Bundal Island is not a luxury destination. There are no hotels. No restaurants. No roads. No electricity. You must bring your own food, water, and supplies.

But if you love nature, you will love this island. The beaches are pristine. The waters are clear. The birdlife is spectacular. The silence is healing.

It is perfect for nature lovers, photographers, adventure seekers, and spiritual pilgrims during the Urs. It is not ideal for families expecting facilities or travellers seeking comfort.

Go with a group. Hire a reliable boatman. Carry enough water and food. Leave nothing behind except footprints.

FAQs About Bundal Island

Where is Bundal Island located? 

It is located in the Arabian Sea, southeast of DHA Karachi, in Malir District, Sindh, Pakistan.

How do I get to Bundal Island? 

Take a boat from Kemari Harbor in Karachi. It is the only way to reach the island.

Is Bundal Island open to visitors? 

Yes. There are no formal restrictions. However, there are also no facilities. Plan your visit carefully.

How big is Bundal Island? 

It spans approximately 24 square kilometres (9.4 sq mi).

What is the Urs at Bundal Island? 

It is the annual religious festival at the tomb of the Sufi saint Yusuf Shah. It draws thousands of pilgrims from across Karachi’s coastal communities.

What happened to the Bundal Island development project? 

Multiple projects were announced, but none were completed. As of 2025, the island remains undeveloped due to legal disputes and environmental concerns.

Is Bundal Island safe to visit? 

It is generally safe during the daytime. Always visit with a group and during calm sea conditions. Avoid visiting during the monsoon season (July–September).

Final Thoughts

Bundal Island is one of Karachi’s best-kept secrets. It is raw, real, and quietly beautiful. It carries history in its soil and spiritual energy in its air.

The future of Bundal Island remains uncertain. Development plans have come and gone. Legal disputes remain unresolved. Environmental debates continue. But through all of this, the island itself stays unchanged. Its beaches remain untouched. Its mangroves stand tall. Its marine life thrives beneath the surface. Whatever happens next, one thing is clear: Bundal Island deserves attention, respect, and careful protection. It is a natural asset that Pakistan cannot afford to lose. 

For more informative blogs on topics like Altit Fort and Gurudwara Janam Asthan Nankana Sahib, visit Chakor Blogs.

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20-Day Deadline to Put All CDA Records Online
CategoriesNews Construction Developments Property Real Estate

Naqvi Sets 120-Day Deadline to Put All CDA Records Online

ISLAMABAD: Interior Minister Mohsin Naqvi has issued a formal directive ordering the complete digitization of all Capital Development Authority (CDA) records within 120 days, a move aimed at enhancing administrative transparency and streamlining public service delivery. Once implemented, citizens will be able to monitor the status of their applications through an online portal, eliminating the need for in-person follow-ups.

The directive was issued during a high-level meeting chaired by Naqvi, in which officials reviewed ongoing development projects in the federal capital and deliberated on new urban initiatives. The minister categorically stated that no illegal housing societies would be tolerated within Islamabad’s limits, signalling a firm stance against unauthorized land use and encroachments.

Among the significant announcements, three international firms have been pre-qualified for the construction of a new convention center, an expo center, and the Islamabad Arena. Authorities have been instructed to ensure the timely completion of these projects in advance of the Shanghai Cooperation Organization (SCO) summit, underscoring their strategic importance at the diplomatic level.

On the recreational front, the minister outlined an ambitious plan to modernize leisure facilities across the capital. A dedicated service center is to be established in the F-6 sector, while construction is set to begin on several public attractions, including a top golf facility, hot air balloon rides, a zip line, a water park, and an amusement park.

Additionally, Naqvi directed that F-9 Park be transformed into a world-class recreational space modelled after London’s Hyde Park, and called for a comprehensive entertainment development plan for the area around Shahdara Dam.

Infrastructure improvements were also addressed, with beautification and lighting work on the Expressway and Club Road scheduled to commence immediately. The CDA chairman confirmed that construction on the Expressway service road will proceed upon receipt of formal approval from the Planning Division.

Naqvi commended CDA officials for their role in exposing internal corruption and made clear that those found involved in malpractice would face strict accountability without exception, reaffirming the government’s commitment to institutional reform and good governance.

For more news on real estate and special reports, visit Chakor Ventures.

Revised Operating Rules for PRISM+
CategoriesNews Economy

SBP Issues Revised Operating Rules for PRISM+, Replacing 2018 Framework

KARACHI: The State Bank of Pakistan (SBP) has issued comprehensive revised operating rules for PRISM+, the Pakistan Real-Time Interbank Settlement Mechanism Plus, in a move aimed at reinforcing the country’s financial market infrastructure and aligning it with international best practices.

The revised rules take effect immediately and supersede the earlier PRISM Operating Rules issued under PSD Circular 02 of 2018, reflecting the significant technological and operational advancements made since that framework was established.

PRISM+ was launched in June 2025 as SBP’s upgraded Real-Time Gross Settlement (RTGS) system. A key feature of the new system is the integration of the Central Securities Depository (CSD) module with the funds settlement system, expanding the platform’s operational scope to encompass both high-value interbank fund transfers and government securities operations under a single, unified infrastructure.

The revised rulebook covers a broad spectrum of operational areas, including participation criteria, messaging standards, funds and government securities settlement processes, liquidity and risk management controls, business-day arrangements, contingency provisions, and regulatory reporting requirements. Additionally, the rules govern the issuance, auction, trading, custody, and settlement of Government of Pakistan marketable securities, as well as related liquidity operations conducted through PRISM+.

The updated framework applies to all existing and future PRISM+ participants, encompassing scheduled banks, primary dealers, preliminary primary dealers, special purpose primary dealers, development finance institutions (DFIs), Islamic banks, Islamic banking branches, and any other institution authorised by the SBP to participate in government securities markets or settlement activities.

By consolidating various operational instructions issued over the years into a single comprehensive document, the SBP aims to enhance transparency, reduce systemic risk, and ensure that Pakistan’s core payment and securities settlement infrastructure operates at a standard consistent with global regulatory expectations.

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Gurudwara Janam Asthan Nankana Sahib
CategoriesArchitecture Entertainment Tourism

Gurudwara Janam Asthan Nankana Sahib: Best Travel Guide 2026

Gurudwara Janam Asthan Nankana Sahib is one of the holiest sites in Sikhism. It is located in Nankana Sahib, Punjab, Pakistan. The name “Janam Asthan” means “sacred birthplace” in Punjabi. This sacred shrine marks the exact spot where Guru Nanak Dev Ji was born. Guru Nanak Dev Ji is the founder of Sikhism and the first of the ten Sikh Gurus.

Gurudwara Janam Asthan Nankana Sahib stands as a symbol of faith, unity, and devotion. Pilgrims from India, Canada, the UK, and across the world visit this shrine every year. It is officially listed as a Protected Heritage Monument by the Government of Punjab, Pakistan. The Pakistan Sikh Gurdwara Prabandhak Committee manages this sacred complex.

Quick Facts

Detail Information
Full Name Gurudwara Janam Asthan Nankana Sahib
Religion Sikhism
Location Nankana Sahib, Punjab, Pakistan
Significance Birthplace of Guru Nanak Dev Ji
Architectural Style Sikh Architecture
Construction Started 1600 A.D.
Completed 1819–1820 A.D.
Distance from Lahore 65–72 km (approx. 1 hour drive)
Administered By Pakistan Sikh Gurdwara Prabandhak Committee

History of Gurudwara Janam Asthan Nankana Sahib

Gurudwara Janam Asthan Nankana Sahib

The history of Gurudwara Janam Asthan Nankana Sahib is deep, rich, and powerful. It stretches back more than five centuries. Every chapter of this history reflects courage, devotion, and sacrifice.

Origins and Early Construction

Origins and Early Construction

The town of Nankana Sahib was originally called Rai Bhoi Di Talwandi. It was later renamed in honour of Guru Nanak Dev Ji. The first gurdwara at this site was built around 1600 A.D. It was constructed by Baba Dharam Chand, the grandson of Guru Nanak Dev Ji. This was a humble memorial to mark the sacred birthplace.

Over the centuries, the structure grew with every generation. Maharaja Ranjit Singh took a special interest in this site. He expanded and renovated the entire complex. The gurdwara was completed in full between 1819 and 1820. Since then, it has remained one of the most visited religious sites in Pakistan.

Guru Nanak’s Birth and Early Life

Guru Nanak Dev Ji was born on April 15, 1469 A.D. His father was Mehta Kalu, who served as a Revenue Clerk under the local ruler Rai Bular Bhatti. His mother was Mata Tripta, who originally came from the village of Chahai near Lahore. The land surrounding the birthplace was gifted to Guru Nanak by Rai Bular Bhatti, a Muslim headman of Talwandi village.

Guru Nanak's Birth and Early Life

Guru Nanak spent the first 16 years of his life in Talwandi. Even as a young child, he showed deep spiritual wisdom and extraordinary intellect. His early years in this town shaped the foundation of his lifelong mission. That mission was to spread the message of love, equality, and the oneness of God.

The Nankana Massacre of 1921

The most tragic chapter in the history of Gurudwara Janam Asthan Nankana Sahib is the Saka Nankana, the Nankana Massacre of 1921. On February 20, 1921, a group of peaceful Sikh reformers arrived at the gurdwara. They belonged to the Akali movement. They wanted to challenge the corrupt management of the gurdwara, led by Mahant Narayan Das.

The Nankana Massacre of 1921

Mahant Narayan Das’s supporters attacked the reformers brutally. Around 86 to 200 Sikhs were killed in this massacre. Their leader, Sardar Lachhman Singh Dharowali, was among the martyrs. The walls of Gurudwara Janam Asthan Nankana Sahib still carry the memory of this dark day.

The massacre sent shockwaves across the Sikh community. It became a turning point in Sikh political and religious history. It strengthened the Akali movement and led to major reforms in gurdwara management across pre-partition India.

Architecture of Gurudwara Janam Asthan Nankana Sahib

Architecture of Gurudwara Janam Asthan Nankana Sahib

Gurudwara Janam Asthan Nankana Sahib is a magnificent piece of Sikh architecture. The complex is vast and imposing. It sits at the end of the main road running through Nankana Sahib city.

The key architectural features include:

  • Grand main entrance gate with embossed metalwork depicting scenes from Guru Nanak’s life
  • Beautiful white domes that rise high into the sky
  • Darbar Hall, where daily prayers take place
  • Sarovar, a sacred pool surrounded by elegant arcades
  • Courtyard wide and spacious, built to welcome thousands of pilgrims
  • Tall towers are visible from a great distance

The complex is built using bricks and plaster. The interiors are decorated with intricate designs. The 2020 restoration work further preserved and beautified the complex. This restoration has helped protect the site for future generations.

Religious Significance of Gurudwara Janam Asthan Nankana Sahib

Religious-Significance-of-Gurudwara-Janam-Asthan

Gurudwara Janam Asthan Nankana Sahib holds the highest spiritual value for Sikhs worldwide. It is not just a building. It is the living proof of where the Sikh faith began.

Daily prayers are held inside the complex every morning and evening. The holy scripture, Guru Granth Sahib, is recited every day at this site. Thousands of pilgrims come here to offer prayers and seek spiritual peace.

Gurudwara Nankana Sahib forms part of an ensemble of 9 important gurdwaras located across the city of Nankana Sahib. Each gurdwara in this city marks a different miraculous event from Guru Nanak’s life. Together, they create a sacred pilgrimage trail for Sikh devotees.

The site is also regularly visited by Sikh yatris (pilgrims) from India. They come as part of an organised pilgrimage route in Pakistan. The Pakistani government facilitates these visits through special pilgrim visas and arrangements.

Festivals and Events at Gurudwara Janam Asthan Nankana Sahib

Gurpurab (Guru Nanak's Birth Anniversary)

Gurudwara Janam Asthan Nankana Sahib comes alive during major Sikh festivals. These events draw thousands of pilgrims from around the globe.

Key events celebrated here include:

  • Gurpurab (Guru Nanak’s Birth Anniversary) is the biggest celebration of the year. It is observed on Pooranmashi (Full Moon) in October or November. The entire city of Nankana Sahib fills with devotees, langar (community meals), and kirtans (devotional singing).
  • Baisakhi / Founding Day of the Khalsa: A joyful celebration marking the creation of the Khalsa Panth by Guru Gobind Singh Ji.
  • Death Anniversary of Maharaja Ranjit Singh: A day of respect and remembrance for the man who restored and expanded this sacred site.
  • Martyrdom Day of the Fifth Guru: Observed with great solemnity and prayer.

Baisakhi

During Gurpurab, the gurdwara complex is decorated with flowers and lights. Nonstop recitation of Gurbani fills the air. The langar serves free food to every visitor regardless of religion or background.

Other Gurdwaras Near Gurudwara Nankana Sahib

Nankana Sahib is not just home to one sacred site. The city has 7 to 9 historic gurdwaras, each connected to a specific event in Guru Nanak’s life. Visiting all of them makes for a complete and deeply spiritual experience.

Gurdwara Sri Malji Sahib

Notable nearby gurdwaras include:

  • Gurdwara Sri Malji Sahib: Located about 1.5 km from the main shrine. It marks the spot where a cobra is said to have shaded the sleeping Guru Nanak from the afternoon sun. The interiors are decorated with ancient ceramic tiles depicting cobras.
  • Gurdwara Kiara Sahib: Marks the miraculous event of Guru Nanak stopping a large boulder from rolling downhill.
  • Jand Sahib: A sacred memorial tree with historical inscriptions in Gurmukhi and English. The brutal murder of Sardar Lachhman Singh is depicted on its walls through paintings.
  • Gurdwara Patti Sahib: Marks the place where Guru Nanak studied as a child.

How to Visit Gurudwara Janam Asthan Nankana Sahib

 Planning a visit to Gurudwara Janam Asthan Nankana Sahib is straightforward. Here is everything you need to know:

  • Location: Nankana Sahib, District Nankana Sahib, Punjab, Pakistan 
  • Distance from Lahore: 65–72 km 
  • Travel Time: Approximately 1 hour by road 
  • Road Condition: Metalled road, smooth and accessible 
  • Access: By road only (no airport nearby) 
  • Best Time to Visit: Year-round, though early mornings and cooler months (October to March) are most comfortable 
  • Dress Code: Modest and respectful clothing required. The head must be covered inside the gurdwara. 
  • Entry: Free for all visitors

For Sikh pilgrims from India, the Pakistani government arranges special pilgrimage visas. Groups typically travel through the Wagah Border near Lahore. From Lahore, the cultural hub, Nankana Sahib is an easy one-hour drive. Pilgrims are warmly welcomed and fully accommodated.

Pakistan’s Role in Preserving Gurudwara Janam Asthan Nankana Sahib

Pakistan's Role in Preserving Gurudwara Janam Asthan Nankana Sahib

Pakistan has shown a strong commitment to protecting this sacred site. Gurudwara Janam Asthan Nankana Sahib is officially listed as a Protected Heritage Monument by the Archaeology Department of Punjab. The Evacuee Trust Property Board jointly oversees its maintenance along with the Pakistan Sikh Gurdwara Prabandhak Committee.

In 2020, major restoration work was carried out at the complex. This work helped restore the shrine’s original beauty and structural integrity. The Pakistani government also actively facilitates annual Sikh pilgrimages to this site. This reflects Pakistan’s respect for its multi-religious heritage.

The connection between Gurudwara Janam Asthan Nankana Sahib and the Kartarpur Corridor has also strengthened religious tourism in the region. Pilgrims now combine visits to both sites in one spiritual journey.

FAQs: Gurudwara Janam Asthan Nankana Sahib

What is Gurudwara Janam Asthan Nankana Sahib? 

It is the sacred birthplace of Guru Nanak Dev Ji, the founder of Sikhism. It is one of the holiest Sikh shrines in the world.

Who built Gurudwara Janam Asthan Nankana Sahib? 

It was first built by Baba Dharam Chand in 1600 A.D. Maharaja Ranjit Singh later expanded and completed it between 1819 and 1820.

Where is Gurudwara Janam Asthan Nankana Sahib located? 

It is located in Nankana Sahib, Punjab, Pakistan, approximately 65 to 72 km from Lahore.

When was Guru Nanak Dev Ji born? 

Guru Nanak Dev Ji was born on April 15, 1469 A.D.

What happened in the Nankana Massacre of 1921? 

A group of peaceful Sikh reformers was brutally attacked by supporters of the gurdwara’s corrupt manager. Dozens of Sikhs were martyred on February 20, 1921.

Is Gurudwara Janam Asthan Nankana Sahib open to non-Sikh visitors? 

Yes. The gurdwara warmly welcomes visitors of all faiths and backgrounds.

Conclusion

Gurudwara Janam Asthan Nankana Sahib is far more than a religious monument. It is the birthplace of a spiritual revolution that changed millions of lives. Every brick of this complex carries centuries of faith, sacrifice, and devotion.

Whether you are a Sikh pilgrim, a history lover, or a curious traveller, a visit to Gurudwara Janam Asthan Nankana Sahib is a deeply moving experience. It connects you to the roots of one of the world’s great religions. It reminds you of the timeless power of love, equality, and truth, the very values that Guru Nanak Dev Ji stood for.

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Sindh Signs MoU
CategoriesNews Economy Property Property Laws Property Taxes

Sindh Signs MoU to End Manual Property Tax Era

KARACHI: The Sindh government has taken a significant step toward modernising its revenue collection infrastructure by initiating the digital collection of Immovable Property Tax (IPT) through the Board of Revenue’s e-Stamping platform, operated by the Sindh Information Technology Company (SITC).

The development was formalised through a memorandum of understanding signed at the office of Local Government Minister Nasir Shah. The agreement was concluded between Sindh Bank, the National Bank of Pakistan, and the Bank of Punjab, in collaboration with the Board of Revenue and the provincial local government and information technology departments.

The new arrangement integrates IPT collection directly into the existing e-Stamping process. Under the mechanism, the tax will be automatically calculated at one percent of the total property value and generated alongside the e-Stamping challan, eliminating the need for a separate payment document. The local government, the Board of Revenue, and the three partner banks will be interconnected through a unified online system to ensure a more streamlined and dependable process.

Speaking at the ceremony, Local Government Minister Nasir Shah said the initiative would enhance transparency and help eliminate corruption in property-related tax collection. He added that direct collection of stamp duty and allied taxes would strengthen local councils financially and improve their operational performance.

SITC Chief Executive Zainulabedin Shah noted that the same digital infrastructure underpinning the e-Stamping system is now being extended to municipal tax collection, enabling greater efficiency and convenience for citizens across the province.

Since SITC assumed operational control of the e-Stamping platform in September 2025, the system has processed over one million challans and generated more than Rs18 billion in revenue through 431 bank branches across Sindh.

The initiative represents a broader provincial effort to digitise financial governance and reduce procedural inefficiencies in property transfer taxation.

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FBR Valuation Revision 2026
CategoriesEconomy Property Property Laws Property Taxes Real Estate

Islamabad Real Estate Investment Outlook After FBR Valuation Revision 2026

Executive Summary

The Federal Board of Revenue (FBR) issued S.R.O. 644(I)/2026 on April 16, 2026, implementing sweeping reductions of 10 to 35 percent in official property valuation rates across Islamabad. This marks the fourth major intervention in Islamabad’s property valuation framework within five months, following S.R.O. 163(I)/2026 (February 2) and S.R.O. 332(I)/2026 (February 24, 2026).

The revision is widely seen as a pivotal recalibration that could reignite investor confidence, stimulate transaction volumes, and bring greater documentation to the capital’s real estate market.

1. Background & Policy Context

Pakistan’s property taxation framework has long grappled with a structural gap between official FBR valuations and actual market transaction values. Since 2016, the FBR has been responsible for determining fair market prices for properties in major urban centres. These valuations serve as the basis for calculating federal taxes, including capital gains and withholding taxes.

The current revision cycle began in December 2025, when the FBR suspended fresh property valuations in Islamabad after taxpayers raised concerns about proposed increases of up to 1,250%. The April 2026 notification is the fourth significant intervention in five months, reflecting the urgency of realigning valuations with market realities.

SRO Reference Description Date
Suspension FBR suspends fresh valuations after public outcry over 1,250% hike proposals December 2025
S.R.O. 163(I)/2026 First revised valuation framework issued February 2, 2026
S.R.O. 332(I)/2026 Second revision — further recalibration February 24, 2026
S.R.O. 644(I)/2026 Current notification — 10–35% reductions across sectors April 16, 2026

2. Key Changes in Valuation Rates

The revised valuation tables affect both constructed buildings and open plots across multiple sectors of the federal capital. Below are the most significant changes:

Selected Sector-Wise Valuation Changes (Per Square Yard — Open Plots)
Sector Previous Rate (Rs/sq yd) Revised Rate (Rs/sq yd)
B-17 & C-14 (Residential) 30,000 21,000 (–30%)
G-13 (Residential) 100,000 70,000 (–30%)
Margalla Town / Banigala / Park View / Chak Shahzad Variable Reductions >30%
E-7 (Upscale — Unchanged) 225,000 225,000 (No change)
Building Type Previous Rate (Rs/sq ft) Revised Rate (Rs/sq ft)
Superstructure (≤5 years old) Rs 3,000 Rs 2,500 (–16.7%)
Superstructure (>5 years old) Rs 1,500 Rs 1,200 (–20%)

3. Impact on Investors: Why This is Beneficial

3.1 Reduced Transaction Tax Burden

Every property transaction in Pakistan, whether a house, plot, apartment, shop, or land, requires both buyer and seller to pay advance income tax and withholding tax based on official FBR valuation rates. The FBR collects withholding tax ranging from 4.5% to 11.5% on the sale of property and from 2.5% to 18.5% on the purchase of property. With the new rates cutting valuations by 10 to 35 percent across a wide range of residential and commercial categories, the corresponding tax liabilities on transactions are expected to reduce proportionally.

For a mid-range residential plot in G-13, previously valued at Rs 100,000 per sq yard, a 300 sq yard plot was valued at Rs 30 million. At a 4.5% seller WHT rate, the tax liability was Rs 1.35 million. Under the revised rate of Rs 70,000/sq yd (Rs 21 million total), the same seller now faces WHT of Rs 945,000, a saving of Rs 405,000 per transaction.

3.2 Revival of Short-Term Investment Activity

Prior valuation increases had a measurable dampening effect on market activity. Higher valuations had led to a further decline in transaction volume, particularly affecting short-term investors whose profit margins were significantly eroded by higher taxes. Heavy taxation, coupled with a slow market, had pushed investors away from the real estate sector.

The revised rates are expected to provide relief to the real estate sector and help revive property transactions in the capital. This is especially significant for short-term and mid-term investors who depend on transaction velocity for returns.

3.3 Long-Term Market Transparency and Documentation

Historically, a wide gap between official FBR valuations and actual market transaction values has incentivised undocumented cash dealings. This structural misalignment has been a chronic obstacle for legitimate investors, banks financing property, and foreign direct investment into the sector.

By aligning official rates more closely with market realities, the new SRO encourages buyers and sellers to transact at declared values, thereby improving documentation and transparency across the board. This lays the groundwork for a healthier, more bankable real estate market, one that can attract institutional and overseas Pakistani investment.

4. Expert Analysis & Industry Voices

The following citations are drawn directly from analysts and industry leaders responding to S.R.O. 644(I)/2026:

“Earlier inflated valuations had created hurdles for genuine investors and contributed to a slowdown in property transactions. The new notification reflects a pragmatic approach by the FBR to rationalise property valuations in line with prevailing market conditions.”

— Sardar Tahir Mehmood, President — Islamabad Chamber of Commerce & Industry (ICCI)

“The revision would ease financial pressure on traders and industrialists who have been facing difficulties due to high taxation, thereby reviving business confidence and promoting investment in the real estate and construction sectors.”

— Tahir Ayub, Senior Vice President — ICCI

“Rationalising property values is a step towards creating a more balanced and investor-friendly environment. Such measures are essential to ensure sustainable growth in the property market and encourage greater documentation of the economy.”

— Muhammad Irfan Chaudhry, Vice President — ICCI

Real estate analysts at Pkrevenue have offered a measured assessment, noting that the revised framework could increase transaction costs in prime areas while improving transparency in property deals, but warned that higher valuations may temporarily slow activity in certain segments.

5. Broader Real Estate Market Impact

5.1 Transaction Volume Recovery

The real estate sector had experienced a measurable slowdown in transaction volumes following previous valuation hikes. The revised rates are expected to reverse this trend, particularly in developing and mid-range sectors such as B-17, C-14, G-13, Margalla Town, Chak Shahzad, Banigala, and Park View, which saw the steepest reductions (exceeding 30 percent in several cases).

5.2 Segmented Impact Across the Market

The impact of the revision is not uniform across all market segments:

  • Mid-range sectors: Developing and mid-range sectors (B-17, C-14, C-15, C-16, G-13) will benefit most from valuation reductions, making transactions more financially viable for a broader range of buyers and investors.
  • Prime/upscale zones: Upscale sectors such as E-7 and key commercial corridors in Blue Area, F-8, and G-8 retain existing rates, indicating that the FBR views prime zones as already appropriately valued.
  • Rural Islamabad: Rural areas of Islamabad remain outside the scope of this revision and continue to be subject to the District Collector rates from the July 2025 notification.

5.3 Construction Sector Spillover

Lower transaction taxes and improved market liquidity are expected to generate upstream benefits for the construction industry. Increased buyer activity in the residential sector typically drives demand for new construction, renovations, and ancillary real estate services, amplifying the economic impact of the revision beyond the property market itself.

6. Risks & Caveats for Investors

While the revision is broadly positive for the investment climate, several caveats must be noted:

  • Market conditions: The extent of any recovery in transaction volumes will depend on broader market conditions, interest rates, and purchasing power factors beyond the scope of the valuation revision itself.
  • Policy consistency: The frequency of four SROs in five months raises questions about regulatory stability. ICCI has urged authorities to continue engaging stakeholders in policymaking to ensure sustainable economic outcomes.
  • Prime zone costs: Analysts have cautioned that while transparency improves in most areas, revised valuations in certain prime commercial zones may temporarily increase transaction costs for specific buyer profiles.
  • Structural gap: The gap between official valuations and actual market prices internationally, where tax is typically charged on transaction value, remains a structural challenge that a single SRO cannot fully resolve.

7. Conclusion

S.R.O. 644(I)/2026 represents one of the most consequential recalibrations of Islamabad’s real estate taxation framework in recent years. For investors, the direct benefits are clear: lower transaction costs, improved market liquidity, and a more transparent regulatory environment. For the broader real estate market, the revision addresses a long-standing structural barrier, the gap between official valuations and market realities that had constrained documented investment.

The collective assessment from ICCI leadership and real estate analysts points to one central argument: that realistic valuations are a more effective instrument for achieving both government revenue growth and market transparency. Investors across residential, commercial, and construction segments stand to benefit, provided the regulatory environment stabilises, and further revisions do not undermine confidence.

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