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Real estate remains one of the most proven and tangible avenues for building long-term wealth. At Chakor, we bring together a curated selection of opportunities from residential and commercial properties to land development and REITs, designed for investors at every stage.
Whether you are looking to diversify your portfolio, generate steady rental income, or capitalise on high-growth markets, our platform connects you with vetted projects backed by transparent data and expert analysis. We believe that smart real estate investment should be accessible, informed, and built on trust.
Explore opportunities across Pakistan’s most promising cities and emerging regions. Each listing on Chakor is carefully evaluated for location potential, developer credibility, projected returns, and legal clarity so you can invest with confidence, not guesswork.
From first-time investors taking their initial step into property to seasoned professionals expanding their holdings, Chakor is your gateway to building a portfolio that works as hard as you do.

CategoriesNews Construction Developments Economy Property Property Laws Real Estate Investment

Cabinet Approves National Housing Policy 2026, Endorses New Cybersecurity Framework

ISLAMABAD: The federal cabinet, chaired by Prime Minister Shehbaz Sharif, has approved the National Housing Policy 2026 together with a corresponding implementation plan. Under the policy, housing projects will be required to fully observe zoning regulations, with priority given to vertical construction to improve land-use efficiency. 

Officials noted the policy was drafted with input from local and international experts, along with federal, provincial, and development-sector stakeholders, aiming to ensure sustainable and quality housing nationwide. Energy-efficiency standards have also been folded into the policy framework to align new construction with environmental goals.

The cabinet was additionally briefed on the Apna Ghar housing scheme, revealing that banks have sanctioned loans worth Rs220 billion for prospective homeowners, of which more than Rs32 billion has already been disbursed.

In a separate move, the cabinet approved withdrawing Pakistan’s earlier notice to terminate its 1981 bilateral investment treaty with Sweden, based on a summary presented by the Board of Investment.

On the technology front, the Ministry of Information Technology introduced the draft Pakistan Information Security Framework 2026 (PISF 2026), developed under the CERT Rules 2023. The framework is designed to establish unified baseline cybersecurity standards with centralized oversight. The cabinet approved it as a key policy document and directed its timely implementation.

Further ratifications included proposed amendments to the Pakistan Oil Refining Policy 2023, aimed at upgrading refineries to strengthen energy supply, along with decisions made during recent Economic Coordination Committee and Cabinet Committee on Legislative Cases meetings.

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

Source: DAWN

CategoriesNews Economy Property Real Estate Real Estate Investment

Rs. 16.44 Billion Raised as Islamabad Auction Enters Final Day

ISLAMABAD: The Capital Development Authority (CDA) collected Rs. 16.44 billion during the opening two days of its ongoing commercial plot auction at Islamabad’s Jinnah Convention Centre, with a third and final round of bidding still ahead. The first day alone brought in Rs. 13.81 billion, while the second added a further Rs. 2.63 billion to the tally.

Tuesday’s proceedings featured strong demand for agricultural land along Murree Road, where Agro Farm No. 18 sold for Rs. 1.212 billion and Agro Farm No. 17-A brought in Rs. 966 million.

Commercial shop units in the Blue Area Parking Plaza also performed well, with three individual units fetching between roughly Rs. 147 million and Rs. 154 million apiece.

Not every offering found a buyer, however. Two commercial plots in Sector C-13, a site that has remained mired in controversy for nearly two decades, failed to attract meaningful bids despite CDA officials anticipating combined proceeds exceeding Rs. 10 billion.

The sector was originally acquired under the 2007 Land Sharing Policy, but many of the original landowners say they are still waiting to be compensated or resettled.

Affected residents have raised objections to CDA continuing to market land from the sector while their claims remain unresolved. According to landowner accounts, the CDA Board approved a plan in 2023 to compensate eligible families with residential plots in the adjacent Sector C-14, and revenue authorities subsequently completed ownership verification.

Despite this, no allotments have reportedly been issued. The dispute has also drawn intervention from the Islamabad High Court, which ordered CDA to settle outstanding compensation, though claimants say that order has yet to be enforced.

The auction is scheduled to conclude on Thursday, with the authority expressing hope that the final day will generate additional revenue from the sale of remaining commercial properties across the capital.

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

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CategoriesNews Economy Investment Real Estate Investment

US Business Delegation Wraps Up Karachi Visit, Reviews SIFC-Backed Investment Projects

KARACHI: A high-level United States business delegation wrapped up a two-day visit to Karachi on Sunday, engaging with Sindh’s provincial leadership to assess investment prospects across multiple sectors under the facilitation of the Special Investment Facilitation Council (SIFC).

On the visit’s second day, delegates held meetings with provincial ministers to review opportunities tied to major development initiatives, including the Bin Qasim Industrial Park and Karachi Industrial Park, alongside other proposed schemes designed to expand industrial and commercial output in the province.

The delegation also received briefings on the Sindh Business One-Stop Shop, Keti Bandar Port, the NED Tech Park, and the proposed Sindh International Financial Centre, with provincial officials detailing each project’s scope and investment potential.

A separate session with the Pakistan Business Council broadened the discussion to capital markets, agriculture, textiles, energy, minerals, and healthcare, among other economic segments.

American delegates conveyed confidence in Pakistan’s strengthening investment climate, citing expanding opportunities across industries. Business representatives further stressed that sustained investor confidence hinges on policy continuity and streamlined regulatory procedures, while crediting SIFC’s coordinating role in advancing ongoing investment efforts.

The visit adds to a string of recent engagements aimed at deepening US-Pakistan commercial ties, with Sindh positioning its industrial parks, port infrastructure, and financial-sector projects as key entry points for foreign capital amid the province’s broader push to court international investors.

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

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Pakistan’s Property Market Gains Momentum
CategoriesNews Economy Property Property Laws Property Taxes Real Estate Real Estate Investment

Pakistan’s Property Market Gains Momentum Amid Tax Cuts and Global Shifts

ISLAMABAD: Pakistan’s real estate sector is witnessing a notable resurgence, with market activity accelerating across major urban centres including Karachi, Lahore, and Islamabad. Industry analysts attribute the renewed interest to a combination of domestic tax relief measures and shifting global economic conditions, prompting both local and overseas investors to reconsider property as a preferred asset class.

At the centre of this shift is a reduction in property transaction taxes, which has lowered the overall cost of buying and selling real estate. This adjustment has made the market more accessible to genuine homebuyers as well as investors seeking stable returns. 

Adding to the momentum, the federal government has proposed abolishing Section 7E, a tax provision long criticised by property stakeholders as an unnecessary financial burden on owners. Should this proposal advance, experts anticipate it could further stimulate transaction volumes in the months ahead.

External factors are also playing a role. Rising uncertainty in the Middle East has reportedly prompted a segment of overseas Pakistanis to reassess their international investment holdings, with many turning attention toward established, well-developed housing projects back home as a comparatively secure option.

The combined effect of these dynamics has been reflected in pricing trends, with residential property values in several key cities climbing by an estimated 10 to 15 percent in recent weeks. Analysts note, however, that this growth is uneven, shaped largely by limited inventory in high-demand locations rather than a uniform market-wide surge.

Looking ahead, real estate professionals are calling for continued reform, particularly simplified taxation procedures and modernised land record systems to sustain investor confidence. 

At the same time, experts continue to urge caution, advising buyers to independently verify ownership documentation, project approvals, and development status before committing funds, rather than basing decisions solely on recent price appreciation.

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

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CategoriesNews Property Real Estate Real Estate Investment Urban Developments & Planning

Apna Ghar Scheme Delivers Rs204bn in Approved Housing Finance

ISLAMABAD: Banks have approved housing finance worth Rs204 billion under the Prime Minister’s Apna Ghar Scheme, with Rs27 billion already disbursed to beneficiaries, a high-level review meeting was informed on Tuesday.

Chairing the meeting, Prime Minister Shehbaz Sharif said the scheme was designed to enable low- and middle-income households to own homes, describing affordable housing as one of the government’s foremost priorities.

Officials briefed the meeting that the Ministry of Housing and Works, together with the State Bank of Pakistan, is conducting weekly reviews to track progress and address bottlenecks in implementation.

The prime minister directed authorities to accelerate work on the scheme and called on public and private sector banks to expand financing support, aiming to widen access to housing loans for eligible families.

He further instructed relevant departments to devise a comprehensive strategy for both vertical and horizontal housing developments under the initiative, emphasising the need for practical and sustainable solutions to meet the demands of a growing population.

Reaffirming the government’s commitment to providing shelter for disadvantaged and middle-income citizens, the prime minister stressed that close coordination among all stakeholders remains essential for the scheme’s timely and successful execution.

The meeting was attended by Federal Minister for Finance and Revenue Muhammad Aurangzeb, Federal Minister for Housing and Works Riaz Pirzada, Minister of State for Finance and Railways Bilal Kayani, and senior government officials.

The Apna Ghar Scheme aims to finance 150,000 homes by June 2027, as part of the government’s broader affordable housing agenda.

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

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CategoriesNews Economy Real Estate Investment

AI to Replace Manual Tax Notices as Pakistan Eyes $750M Eurobond After Panda Bond Success

ISLAMABAD: Pakistan’s tax administration is set to shift toward an artificial intelligence-led engagement model, with human intervention between the tax authority and taxpayers reduced to a minimum, Finance Minister Muhammad Aurangzeb said while addressing a banking summit in Karachi.

The minister noted that Parliament has approved a new tax administration structure under which taxpayer notices will now be issued through AI-led systems, marking a shift from the traditional, human-dependent compliance process.

On external financing, Aurangzeb expressed optimism over Pakistan’s entry into international bond markets, citing the recent Panda Bond issuance as a notable milestone despite the country’s late arrival in China’s capital markets. The bond, launched in mid-May, raised the equivalent of $250 million in yuan and attracted demand exceeding five times its target.

The government is now preparing additional Eurobonds and sukuk, with upcoming instruments structured as dollar-settled, rupee-linked bonds, a first for Pakistan. Requests for proposals have been sent to international investors to gauge pricing and demand.

Following Pakistan’s re-entry into the international bond market after a four-year gap, strong Eurobond demand has created room to raise issuance size to $750 million, the minister said.

On capital markets, Aurangzeb said activity drivers mattered more than headline index figures, citing a growing investor base, including Gen Z participants, and a return to double-digit corporate profitability.

On fiscal policy, he said this year’s budget was formulated for the first time by the Tax Policy Office, now under the Finance Division, with focus on export-led growth through removal of the advance and super taxes.

Pakistan Banks’ Association Chairman Zafar Masood added that the banking sector paid over Rs1 trillion in annual taxes, with agriculture lending up 39 percent, housing lending up 90 percent, and SME lending growth exceeding 111 percent year-on-year.

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

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CategoriesNews Budget Economy Property Taxes Real Estate Investment

Govt Tax Relief Aims to Revive Real Estate, Push Vertical Growth

ISLAMABAD: The government has introduced fresh tax relief for the real estate sector to restore investor confidence and boost stalled investment, according to Federal Parliamentary Secretary for Planning and Development Hafiz Mian Muhammad Nauman.

Speaking at a seminar organised by the Lahore Chamber of Commerce and Industry (LCCI), Nauman said the construction and real estate sectors support around 70 allied industries and play a major role in job creation. He stressed the need to shift from unchecked horizontal expansion of cities to vertical urban development.

LCCI President Faheemur Rehman Saigol welcomed the relief measures, which include a cut in withholding tax on property purchases from 2.5% to 1.25%, and on sales from 5.5% to 2.75%, along with the abolition of Section 7E. He said these steps would help rebuild investor trust, though he urged the government to extend reduced FBR property valuation rates to other housing societies for equal treatment across the sector.

Nauman said he had raised real estate reform with Prime Minister Shehbaz Sharif nearly a year ago, pushing for a comprehensive construction package. He noted that unchecked urban sprawl has shrunk green spaces around major cities, with Lahore now spreading into Sheikhupura and Kasur. Nearly 150,000 to 200,000 residential plots remain vacant within Lahore alone, he said, making a strong case for vertical development.

He called the removal of Section 7E a major relief for property owners, noting that taxing non-income-generating assets had discouraged investment.

On affordable housing, Nauman said high financing costs keep home ownership out of reach for most citizens. He urged banks to offer long-term mortgage financing spanning 15 to 20 years, similar to models used in developed countries.

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how to pay property tax online in Pakistan
CategoriesProperty Taxes Real Estate Investment

How to Pay Property Tax Online in Pakistan: A Simple Guide for Property Owners

Property tax season often brings a familiar headache: long queues, confusing paperwork, and the constant worry of missing a deadline. The good news is that this no longer has to be the case. Across Pakistan, provincial governments have introduced digital systems that let you pay property tax from your phone or laptop in just a few minutes. If you have ever asked yourself how to pay property tax online in Pakistan, or wondered if you can pay property taxes online from wherever you are, this guide breaks it down step by step in plain language, so even first-time payers can follow along with confidence.

What Is Property Tax and Why Does It Matter

Property tax is a yearly charge collected by provincial governments on urban properties such as homes, apartments, plots, and commercial buildings. The amount depends on the property’s size, location, and use.

This revenue funds essential city services like road maintenance, waste collection, and public infrastructure, the same services that keep your neighbourhood functional and your property value protected.

For homeowners and investors in cities like Islamabad and Rawalpindi, staying current on property tax is not just a legal obligation. It also keeps your ownership records clean, which matters greatly if you plan to sell, transfer, or mortgage your property later.

Who Collects Property Tax Online in Pakistan

Property tax in Pakistan is not collected by a single federal body; instead, each province manages its own property tax system through a dedicated department:

Since systems and websites differ by province, it helps to know exactly which portal applies to your property.

Can We Pay Property Tax Online in Pakistan

Yes one can easily pay property tax online in Pakistan. Punjab, Sindh, and Khyber Pakhtunkhwa all offer fully online property tax payment through their respective excise portals and mobile apps. Balochistan is still catching up, with some districts offering partial digital options alongside traditional bank payments.

For the vast majority of property owners in Pakistan’s major cities, the entire process, from checking dues to paying and saving a receipt, can now be completed without visiting a single office.

How to Pay Property Tax Online in Pakistan: Step by Step by Province

Here is exactly how the process of paying property tax online in Pakistan works depending on where your property is located.

Punjab: Using the ePay Punjab Platform

  1. Open epay.punjab.gov.pk or download the ePay Punjab app.
  2. Select “Excise and Taxation,” then choose “Property Tax.”
  3. Enter your Property ID or CNIC number.
  4. Check the challan that appears, confirming the amount and details are correct.
  5. Pay using JazzCash, Easypaisa, your bank’s mobile app, an ATM, or internet banking.
  6. Save or screenshot your payment receipt for your records.

Sindh: Using the Excise Sindh Portal

  1. Visit excise.gos.pk.
  2. Go to “Online Tax Payment” and select “Property Tax.”
  3. Enter your Property Number or CNIC.
  4. Review the generated challan carefully before proceeding.
  5. Complete payment through Sindh Bank, 1Link, or a supported mobile wallet.

Khyber Pakhtunkhwa: Paying Urban Immovable Property Tax

  1. Go to excise.gkp.pk.
  2. Select the Urban Immovable Property Tax (UIPT) section.
  3. Fill in your property details.
  4. Generate your challan.
  5. Pay through JazzCash, a banking app, or an ATM.

Balochistan: A Mixed Process for Now

  1. Check your local Excise Office website or call their helpline for guidance.
  2. Make your payment through the designated bank channel.
  3. Submit proof of payment online where available, or in person if not.

How to Generate Your Tax Challan | Property Tax Online in Pakistan

Regardless of province, the general flow for generating a challan looks like this:

  1. Open your province’s official tax website or app.
  2. Enter your Property ID, CNIC, or full property address.
  3. Review the challan that is generated, including the amount due and the payment deadline.
  4. Choose a payment method such as a mobile wallet, online banking, ATM transfer, or an over-the-counter payment at a bank branch.
  5. Complete the payment and keep a copy of your receipt, either printed or saved digitally.

How to Check If Your Payment Went Through

After paying, it is always worth confirming that your payment was recorded correctly:

  1. Visit your province’s Excise Department portal.
  2. Look for the “Verify Challan Status” option.
  3. Enter your Challan ID, CNIC, or transaction reference number.
  4. The portal will show your current payment status right away.

Common Problems and Simple Fixes

Payment not showing up yet? This is normal in the first day or two. Give it 24 to 48 hours, and if it still has not updated, contact the Excise helpline with your transaction proof on hand.

Challan amount looks wrong? Visit your local Excise office or send them your documentation by email, then submit a formal request for correction. Keep copies of everything you send.

Deadlines and Penalties to Keep in Mind

Most property tax payments in Pakistan are due by September 30 each year. Missing this date typically adds a 1 percent surcharge per month, which adds up quickly the longer it goes unpaid.

It is worth checking your province’s official announcements regularly, since amnesty schemes and early payment discounts are sometimes introduced.

A Few Practical Tips Before You Pay Property Tax Online in Pakistan

  • Set a calendar reminder a few weeks before the September deadline.
  • Double-check that your property details on record are accurate before generating a challan.
  • Stick to official banking apps and verified mobile wallets when paying.
  • Save both a digital and a printed copy of every receipt.
  • If something looks off with your bill, raise it with your local Excise office sooner rather than later.

FAQs – How to Pay Property Tax Online in Pakistan

Can you pay property tax online in Pakistan from anywhere in the country?

It is available across Punjab, Sindh, and Khyber Pakhtunkhwa. Balochistan is gradually expanding its digital options.

Can you pay property taxes online from outside Pakistan?

Yes. As long as you have access to a Pakistani bank app or a supported mobile wallet, you can complete the payment from anywhere in the world.

How do I update my property details before paying my property tax online in Pakistan?

Visit your local Excise office with your CNIC, ownership documents, and the latest mutation record. Updated records help ensure your challan reflects the correct amount.

Final Thoughts – Property Tax Online in Pakistan

Paying property tax no longer needs to feel like a complicated chore. With Punjab, Sindh, and KP all offering straightforward online systems, you can generate a challan, pay it, and verify the transaction within minutes. Whether you are managing tax obligations on an existing property or exploring new investment opportunities in the city, our team is here to guide you through every step. 

For more information on similar topics like non-adjustable vs adjustable property tax in Pakistan, visit Chakor blogs.

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CategoriesProperty Property Laws Property Taxes Real Estate Real Estate Investment Urban Developments & Planning

Why Lahore is Emerging as Pakistan’s Next FDI hub?

For decades, conversations about foreign direct investment in Pakistan have centred almost exclusively on Karachi and Islamabad. That narrative is shifting. Lahore, Pakistan’s cultural capital and economic heartland of Punjab, is rapidly carving out its own identity as a destination for serious, long-term foreign capital. The signals are converging: government-backed infrastructure, a maturing real estate builders market, and now, landmark private-sector investment events that are putting the city on the radar of global investors.

Pakistan’s FDI Trajectory: The Foundation Is Being Laid

Before examining Lahore specifically, it is worth understanding the broader economic backdrop. Pakistan’s total FDI reached approximately $2.567 billion in 2024, a 25% jump from the year prior, and the highest level since 2017. The construction and real estate sectors attracted a significant share of that inflow.

At the same time, the State Bank of Pakistan‘s benchmark interest rate came down sharply from a peak of nearly 22% in 2023, easing the cost of financing and injecting renewed confidence into the investment environment.

This is not a coincidence. The government has been working to make Pakistan’s investment climate more structured and transparent, from FBR valuation revisions in Lahore to REIT-friendly tax exemptions in the federal budget. The reforms are modest in isolation, but together they signal an intent to formalise a market that international investors have historically found opaque.

The real estate sector specifically is projected to grow at 8–10% annually over the next five years. Rental yields in Lahore, Islamabad, and Karachi are running at 5–7%, competitive against regional benchmarks and considerably better than saturated markets like Dubai, where yields have compressed to a similar range but at far higher entry costs.

Why Lahore, and Why Now

Lahore is Pakistan’s second-largest city and the provincial capital of Punjab, the country’s most populous and economically productive province. It houses a concentration of manufacturing, services, retail, and education that no other Pakistani city outside Karachi can match.

Yet until recently, its real estate market, particularly in the premium and commercial segments, remained largely underdeveloped relative to its economic weight.

That is changing fast, driven by two parallel forces.

The first is the emergence of Lahore’s Central Business District. The Punjab Central Business District Development Authority (PCBDDA) has undertaken a government-backed urban regeneration initiative spanning over 105 hectares in the heart of the city, along the Gulberg Main Boulevard and Ferozepur Road corridor.

The project, designed around vertical growth, smart infrastructure, and mixed-use zoning, has already generated over PKR 35.89 billion in revenue through the auction of commercial plots alone. 

With a preliminary investment estimate ranging between PKR 2,700 billion and PKR 3,000 billion, it represents the most ambitious urban development undertaking in Punjab’s history.

Towers in the 500–700 feet range are planned. International-grade office space, luxury residences, retail podiums, and green mobility infrastructure are all part of the blueprint.

Gulberg itself, immediately adjacent to the CBD zone, is already among Pakistan’s most commercially valuable addresses. It serves as the operational hub for banks, multinationals, professional services firms, and luxury retail. The CBD development is effectively the formal next chapter of what Gulberg has been building organically for four decades.

The second force is private-sector momentum. Developers are increasingly committing capital to premium integrated projects in and around this corridor, projects that combine residences, corporate offices, and curated retail under one address, designed for an urban professional class that is growing in both size and purchasing sophistication.

Chakor’s $200 Million FDI Signing: A Signal, Not Just a Headline

In June 2026, Pakistan’s leading real estate developer Chakor concluded a landmark FDI signing with OLAE, a Portuguese investor delegation, at the Chakor Global Initiative event in Islamabad.

The signing formalised a combined European investment commitment of 200 million USD across two Chakor development projects, one of which is Citadel Prime, Chakor’s flagship mixed-use tower in CBD Lahore.

This is significant on multiple levels.

First, it is a European capital entering Pakistan’s real estate sector, a segment of FDI that has historically been dominated by Gulf and diaspora money. The involvement of OLAE, led by Prof. Dr. Jose Paulo Oliveira, points to broadening international interest in Pakistan’s investment story beyond its traditional feeder markets.

Second, and more relevant to Lahore’s FDI narrative specifically, is where the capital is going. Citadel Prime sits directly on Gulberg Main Boulevard, the heart of Lahore’s prime commercial corridor.

The project is a 50+ floor mixed-use development offering premium residences, government-backed business hubs, high-end retail across three podium levels, and smart infrastructure including EV-ready parking and advanced HVAC systems.

It is, in its conception, a product built for the kind of urban density and quality that global investors recognise.

That statement is worth sitting with. The demand for investable, institutional-quality real estate in Lahore exists. What has been missing until recently is the supply side keeping pace with that demand.

What Makes Lahore Attractive to Foreign Capital

Several structural factors underpin Lahore’s emergence as an FDI destination.

Its demographics are compelling. Lahore is rapidly urbanising, with a growing professional middle class demanding quality commercial and residential real estate.

The city is expected to be part of Pakistan’s urban-majority transition by 2030, sustaining long-term demand in a way that short-cycle investment in peripheral housing schemes cannot.

Its infrastructure is improving. The Orange Line metro, Ring Road expansions, and the Route 47 smart road link have materially improved connectivity within and around the city. The CBD zone specifically benefits from multiple public transport access points, reducing friction for businesses and residents alike.

Its regulatory environment is becoming more investor-friendly. Lahore’s FBR valuation rates were revised and harmonised with market values in late 2024, improving transaction transparency. The REIT framework has been strengthened, opening the door to institutional participation in the commercial property market.

And its geography matters. Lahore is Pakistan’s closest major city to the Indian subcontinent’s broader trade routes, and its position along the CPEC corridor gives it infrastructure adjacency that secondary cities lack.

The Road Ahead

Lahore is not yet a finished FDI story. It is, more accurately, a market at inflection where the foundational work of infrastructure, regulatory reform, and institutional real estate development is creating the conditions for sustained foreign capital inflow. The Chakor-OLAE signing is one data point in what is becoming a more credible trend.

For global investors evaluating South Asia’s real estate markets, Lahore now offers something that was previously absent: bankable projects in premium locations, backed by developers with the track record and credibility to deliver.

Citadel Prime is the most visible expression of that proposition today, a 50-floor landmark on Gulberg’s most coveted address, carrying European FDI into its foundations.

The city is ready. The projects are live. The capital is arriving.

For more information on types of property taxes,  and real estate investment options, please visit Chakor.

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CategoriesNews Economy Property Taxes Real Estate Investment

Punjab Imposes 16% GST on Rented Properties from July 1

LAHORE: The Punjab government has announced a 16% General Sales Tax (GST) on rented properties across the province. The new tax will take effect from July 1, 2026.

The tax will apply to rented commercial buildings, non-residential properties and other rented immovable properties. Smaller houses rented out will also be included.

The decision is expected to affect both landlords and tenants. Landlords may either pay the tax from their rental income or increase rents to cover the cost. This could make homes, shops, offices and warehouses more expensive for tenants.

Property tax payments in Punjab will now be made through the E-Pay Punjab system. Taxpayers who use the self-assessment method will get a 5% rebate. Those registered before January 1, 2025, will receive a 20% cap on capital value assessment.

If property tax is not paid on time, the government will add a surcharge every three months. These increases will take place on October 31, January 31, April 30 and July 31.

Property dealers have criticised the move. They say property owners already pay taxes on rental properties, so adding another tax is unfair.

Residents have also raised concerns. Many people, especially pensioners, depend on rent as their main source of income. They fear the new tax will reduce their monthly earnings.

The Punjab government has also increased the token tax on commercial vehicles, including vans and trucks, as well as vehicles of 1,000cc and above.

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

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