ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued rules to make recovery from jewelers and real estate agents under money laundering cases.
ISLAMABAD: Pakistani real estate agents on Monday gathered at the Pakistan Property Show over the weekend at the World Trade Centre in Dubai to explore major investment opportunities in the Pakistan property market. Over 60 exhibitors showcased more than 200 of the best and most trustworthy major property developments in Pakistan. A record breaking 20,000 […]
KARACHI: Financial Monitoring Unit (FMU) has prepared red flags indicators for real estate agents to report suspicious transactions related sales and purchase of immovable properties for prevent money laundering and terror financing. According to the FMU, Under Section 7(1) of Anti-Money Laundering (AML) Act 2010 which states that reporting entities including Real Estate Agents, property […]
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday approved a body to regulate transactions by jewelers, real estate agents and accountants under anti-money laundering (AML)/Counter Financing of Terrorism (CFT) laws. According to an office order, the FBR approved the operationalization of Directorate General of Designated Non-Financial Business and Professions (DNFBPs), with its headquarter at Islamabad […]
ISLAMABAD: Federal Board of Revenue (FBR) has proposed to make mandatory for jewelers and real estate agents to report suspicious transactions. In this regard the FBR issued draft rules through SRO 1320(I)/2019 to make amendments in Income Tax Rules, 2002. As per the draft rules, the designated persons as jewelers and real estate agents should […]