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GCHF
Gatwala Commercial Hub , Faisalabad is Punjab’s biggest and Pakistan’s second largest mixed use, real estate project. It has a covered area of over 3.1 million sq. ft.

This mega project, designed and developed by Shah Nawaz Associates, is located, at the junction of Canal Expressway and Lahore Sheikhupura Road. The road in front of the GCH project, has an average traffic count of 30 vehicles per minute. become, the city’s next mega center for trade, commerce, industries as well as residential projects.

 

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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).

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.

 

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