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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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Registration of real estate agents with FBR mandatory

ISLAMABAD: The Federal Board of Revenue (FBR) has directed all real estate agents to get registered with the authority as Designated Non-Financial Businesses and Professions (DNFBPs) under the Anti Money Laundering Act 2010 (AMLA 2010).

A Registration Certificate will be issued to all real estate agents after completing the process by the FBR.

This notification has been issued for all housing schemes, development authorities, cooperative housing authorities, and real estate agents to transfer or register immovable property.

Furthermore, the policy compels the real estate agents to share the data of buyers and sellers and issue Suspicious Transaction Report (STRs) for those found buying estate assets beyond their means. 

 

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