FBR Allows Non-Filers to Buy Property Up to PKR 1 Crore | New Tax Policy 2025
FBR’s Game-Changing Move: Non-Filers Can Now Buy Property Up to PKR 1 Crore
The Federal Board of Revenue (FBR) has announced a landmark policy change, allowing non-filers to purchase property worth up to PKR 1 crore (10 million). This bold initiative is expected to revitalize Pakistan’s real estate sector by attracting new investors, increasing market transparency, and driving economic growth.
Why This Matters?
✅ Expanded Investment Opportunities – Non-filers can now legally invest in real estate, fostering greater participation in the market. ✅ Increased Market Transparency – The move aims to curb black money circulation and enhance financial oversight. ✅ Real Estate Market Revival – With more investors entering the market, property transactions are expected to rise, boosting overall sector growth.
Decision-Making & Implementation
This policy change was approved during a National Assembly Standing Committee on Finance and Revenue meeting, chaired by MNA Naveed Qamar. A dedicated subcommittee has been tasked with finalizing the eligibility criteria and implementation roadmap. In collaboration with the Association of Builders and Developers (ABAD), these details will be refined under the Tax Laws (Amendment) Bill 2024.
Government’s Plan for Stronger Tax Enforcement
To ensure compliance and mitigate financial malpractice, the government plans to hire 1,600 new auditors dedicated to tax enforcement in the real estate sector. While non-filers can now invest up to PKR 1 crore, stricter regulations remain for higher-value property transactions to maintain financial discipline and prevent illicit money flow.
Challenges & Future Developments
While the policy has been largely welcomed, concerns persist about potential corruption risks and enforcement hurdles. To address these challenges, the designated subcommittee will hold regular consultations with industry stakeholders to refine the policy framework and ensure seamless execution.
Final Thoughts
FBR’s decision to permit non-filers to purchase property up to PKR 1 crore signals a major shift in Pakistan’s real estate regulations. This move is expected to expand the tax net, encourage lawful transactions, and stimulate economic progress. As implementation details unfold, stakeholders should stay informed about further developments.
Stay tuned for more updates on this transformative policy change!
