Property transactions worth Rs2mn, above to be reported: FBR

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).

invest with imarat

Islamabad’s emerging city centre

Learn More

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. 

Maham Tahir

Recent Posts

Baghbanpura Bazar: A Historic Market in Lahore

Lahore, known as Pakistan's cultural and historic heart, is home to numerous ancient sites, bustling…

5 hours ago

Garha Mor: A Notable Landmark in Vehari City

Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…

1 day ago

Aslam Market Wah Cantt: Pleasure of Shopping & Dinning

Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…

3 days ago

Abid Market Lahore: An Iconic Shopping Landmark

Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…

3 days ago

CDA Chairman Urges Rapid Completion of Major Islamabad Interchanges

ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…

3 days ago

IMARAT Announces Launch of Pakistan’s Largest Sharia-Compliant REIT – A New Era of Real Estate Investment

Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…

4 days ago