ISLAMABAD: All property transactions including buying and selling, worth Rs2 million or above are to be reported, as per the directive issued by the Federal Board of Revenue (FBR) to comply with Finance Action Task Force (FATF).
Real estate builders, developers and agents are to file a currency transaction report (CTR) on any purchase worth Rs2 million or above. However, any transaction through banks for this purpose is not required to be reported, it was further clarified.
These directives are aimed to fulfil the conditions of the FATF.
For news and blogs, visit Graana.com.
MELBOURNE — A new analysis by Deluxe Holiday Homes has highlighted significant shifts in Melbourne's…
ANKARA — A devastating fire at the Kartalkaya ski resort in northern Türkiye claimed the…
As Vietnam heads into 2025, the real estate market presents a dynamic mix of challenges…
Dubai’s secondary housing market is predicted to see robust growth in 2025, with demand for…
As Los Angeles County grapples with the aftermath of some of the most destructive fires…
On Friday, Azam Nazeer Tarar, the Minister for Law and Justice, informed the Senate that…