Lahore | ReNews Pakistan
The Ravi Urban Development Authority (RUDA) has accelerated work on the proposed Sports City in Lahore, with officials confirming that the process of acquiring land for the major sports infrastructure project is currently under way.
The project was discussed during a meeting between RUDA Chief Executive Officer Imran Amin and Punjab Secretary for Sports and Youth Affairs Fazlur Rehman at Punjab Stadium. The meeting reviewed key aspects of the planned development, including its proposed location, planning framework, land requirements and future execution strategy.
According to officials, the Sports City is being planned as Pakistan’s first dedicated urban development focused entirely on sports. The project is expected to be completed in multiple phases and will provide modern facilities for athletes, sports organizations and major national and international events.
The proposed development will include international standard stadiums, training centres, sports complexes and other supporting infrastructure designed to promote professional sports activity in Punjab. Officials said the initiative would not only strengthen sports infrastructure in Lahore but also create new opportunities for young athletes across the province.
Punjab Secretary for Sports and Youth Affairs Fazlur Rehman said the project carries major importance for the promotion and long term development of sports in Punjab.
He said the planned Sports City would include modern sports complexes and facilities built according to international standards.
Officials added that RUDA is currently working on the acquisition of land required for the project. Once the land acquisition process is completed, the authority is expected to move ahead with detailed planning and phased construction.
The Sports City project is being seen as a significant step toward developing Lahore as a major centre for sports activity, training and events, while also supporting the broader vision of planned urban development under RUDA.

Lahore/Rawalpindi | ReNews Pakistan
The Federal Board of Revenue and District Collector offices have revised and reduced property valuation rates in DHA Lahore and Rawalpindi, a move expected to provide major relief to property buyers, sellers and investors.
According to the updated valuation details, property values in different DHA Lahore phases have reportedly been reduced by around 30 to 35 percent. The revision is expected to lower overall transaction costs, including transfer expenses, withholding taxes and federal taxes such as Capital Gains Tax.
The revised valuation tables are particularly important for DHA Lahore, where property rates in Phase 6, Phase 7, Phase 8, Phase 9 Prism and Phase 10 have been affected.
Real estate stakeholders believe the reduction will help bring official property values closer to current market conditions and may encourage fresh activity in the property market.
The reduction is also expected to benefit overseas Pakistanis and local investors who had been facing higher tax liabilities due to elevated official valuation rates. Lower valuation rates generally reduce the tax burden at the time of property transfer, making transactions more affordable for both buyers and sellers.
In Rawalpindi, property valuation rates are updated through FBR Statutory Regulatory Orders, covering residential and commercial areas, including major housing schemes. Any reduction in FBR valuation tables can directly impact Capital Gains Tax and other transaction related charges.
Real estate experts say the move may improve investor confidence at a time when Pakistan’s property market has been under pressure due to high taxes, rising costs and slow transaction activity. However, they added that the actual relief for each property owner or investor will depend on the specific location, property category and the applicable FBR or DC valuation rate.
For tax purposes, property transactions are generally assessed on the basis of the FBR value or local DC rate, whichever is higher. Filers also continue to receive comparatively lower tax rates than non-filers during property transactions.
The revised valuations are being viewed as a positive step for the real estate sector, particularly in DHA Lahore and Rawalpindi, where lower official values may reduce transaction costs and support market activity.

Lahore: [Riaz Hussain Re News Pakistan]
A major development has emerged for Lahore’s real estate market, particularly in DHA, as the Federal Board of Revenue has issued a notification and released new rates after a significant reduction in FBR property valuations. The move is expected to generate a positive response in the market.
According to Chaudhry Touqeer Asif, Director Information of the DHA Estate Agents Association, the reduction in FBR rates will further decrease property transfer costs. As a result, new investment, buying and selling activity, and overall real estate business are expected to improve.
He said that after the abolition of Section 7E, the reduction in FBR rates is another welcome step toward restoring confidence in the property sector. According to him, the decision will not only provide relief to buyers and investors but will also help revive stalled transactions in the market.
It was further stated that implementation of the new FBR rates has already begun in DHA, a move being viewed by the real estate community as a positive development. Experts believe that if the reduction in taxes and transfer costs continues, property market activity could increase further in the coming days.