ISLAMABAD, April 13, 2026 – Pakistan’s Federal Board of Revenue (Federal Board of Revenue) collected more than Rs12.55 billion in capital value tax (CVT) on motor vehicles and immovable properties during fiscal year 2024-25, reflecting an annual growth of around 8%, official data showed on Monday.
The CVT collection rose from Rs11.85 billion in the previous fiscal year, driven mainly by higher revenue from motor vehicles and commercial property transactions, according to FBR figures.
Breakdown of the data showed that CVT on motor vehicles increased to Rs7.26 billion in FY2024-25, compared with Rs6.98 billion in the preceding year, indicating steady growth in vehicle registrations and higher valuation-based taxation.
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Revenue from immovable properties, excluding commercial assets, also posted a modest increase, rising to Rs3.66 billion from Rs3.55 billion a year earlier. Officials attributed the rise to increased property transactions and improved compliance measures in the real estate sector.
CVT from commercial immovable properties showed a stronger uptick, climbing to Rs908 million from Rs712 million in the previous fiscal year, reflecting heightened activity in business-related real estate transfers.
However, CVT collection on residential flats declined to Rs115 million from Rs188 million, suggesting weaker activity in this segment or possible changes in transaction patterns during the year.
Revenue from the purchase of shares and modaraba certificates also increased significantly to Rs609 million, compared with Rs423 million in the previous fiscal year, indicating stronger activity in capital market-linked instruments.
Tax officials said the overall increase in CVT collection reflects ongoing efforts to broaden the tax base and improve documentation of high-value assets, particularly in the property and automobile sectors.
The FBR has been focusing on tightening enforcement and improving digital monitoring systems to ensure accurate valuation and collection of taxes on capital assets. Analysts say continued reforms in property valuation and compliance mechanisms will be key to sustaining revenue growth in this segment.
Despite structural challenges in the broader tax system, CVT revenues remain an important contributor to Pakistan’s non-income tax collections.