The International Monetary Fund (IMF) has raised concerns over Pakistan’s low reporting of suspicious financial transactions in the real estate sector, urging authorities to strengthen anti-money laundering controls and improve monitoring mechanisms. Read More: IMF calls for crackdown on tax evasion in real estate sector According to official sources, the IMF has asked Pakistan to address the […]
real estate
Multibillion stalled housing project awaits revival decision
Islamabad: The multibillion Nilor Heights housing project remains stalled and is gradually deteriorating as authorities await a final decision from the federal government on its future. Launched in 2021 by the Capital Development Authority in partnership with the Naya Pakistan Housing and Development Authority, the project was scheduled for completion within 24 months. However, work […]
FBR cuts property valuation rates in Islamabad by up to 50%
ISLAMABAD — The Federal Board of Revenue (FBR) has revised property valuation rates in Islamabad, slashing values by 30 to 50 per cent following demands from traders, an official notification said on Tuesday. Read More: FBR Delays Property Valuation in Islamabad Under the revised assessment, residential and commercial plots at 68 locations across the federal capital have been revalued. […]
OTP verification halts Punjab property stamp duty
Lahore, November 17, 2025: The Punjab Land Records Authority (PLRA) has launched OTP verification for property stamp duty challans. The system aims to enhance security and ensure verified mobile numbers are used for transactions. However, stakeholders warn the rollout has disrupted challan issuance for many buyers and sellers. PLRA said OTP verification improves the authenticity […]
Sir Anthony Hopkins lists fire-ravaged California estate for £5.1 million
LOS ANGELES – Oscar-winning actor Sir Anthony Hopkins has put his California estate up for sale for £5.1 million ($6.4 million) after it was destroyed in the devastating wildfires that swept through Los Angeles earlier this year. According to The Daily Mirror, the Silence of the Lambs star is selling two adjoining plots in the […]
Rawalpindi Ring Road scam: Illegal operators generated Rs130bn worth land deals in four years
Real estate dealers got away with deals worth Rs 130 billion in the last four years showing the clients the connectivity of their residential societies with the infamous Rawalpindi Ring Road project. Prime Minister Imran Khan has recently ordered an inquiry into the scam, which, according to officials, involves 18 individuals with political backgrounds and […]
Entrepreneur Yasir Mahmood says real estate is the safest bet in Pakistan
By Our Correspondent LONDON/ISLAMABAD: Serial entrepreneur Yasir Mehmood has said that given the circumstances during the COVID-19, real estate remained the safest best for investors to park their cash in Pakistan. Comparing real estate with stocks, especially for UK investors seeking to invest in Pakistan, Yasir Mehmood who is Chairman of Qazi Investments said: “There […]
Real estate around Bilawal House Karachi a hotbed of money laundering: JIT
KARACHI: Joint Investigation Team (JIT), constituted on directive of Supreme Court for probing into bank fraud accounts has revealed that nearly Rs 84 billion of money laundering were used for buying 46 real estate units in and around Bilawal House Karachi during period of 2008 to 2014. During a marathon investigation process, JIT unearthing ill-gotten […]