1. Home
  2. #RealEstateAgents

Tag: #RealEstateAgents

UPDATES
Development authorities banned from doing business with unregistered real estate agents

Development authorities banned from doing business with unregistered real estate agents

ISLAMABAD: The government has barred all public and private development authorities from doing business with real estate agents who are not registered under the Anti-Money Laundering (AML) Act. The condition to suspend business with the…

Businesses
FBR completed FATF actions on Anti Money Laundering and DNFBPs before deadline

FBR completed FATF actions on Anti Money Laundering and DNFBPs before deadline

FBR has completed actions on DNFBPs in the FATF action plan in just one reporting cycle and one year ahead of the deadlines in September 2022. The FATF plenary in its public statement has noted…

BUDGET
Real Estate Sector Demands Extension In Construction Package & Amnesty Scheme

Real Estate Sector Demands Extension In Construction Package & Amnesty Scheme

The real estate sector has demanded in the next budget that the construction package of the Prime Minister and the related amnesty scheme be extended till June 30, 2022. 50% reduction in all fees on…

TAXATION
Cash paid for immovable property required to be reported under anti money laundering and counter terrorism financing : FBR

Cash paid for immovable property required to be reported under anti money laundering and counter terrorism financing : FBR

Every cash transaction for sale or purchase of housing units worth more than Rs. 2 million must be reported under Anti Money Laundering (AML) / Counter Terrorism Financing (CFT). To comply with the requirements of…

UPDATES
Anti money laundering Act: monitoring of Jewelers, real estate agents and accountants under strict regulations

Anti money laundering Act: monitoring of Jewelers, real estate agents and accountants under strict regulations

The Federal Board of Revenue (FBR) on Tuesday issued regulations governing the use of powers to monitor transactions involving jewelry, real estate agents and accountants. The FBR issued SRO 1319 (I) / 2020 on 10…