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FATF’s strict conditions, difficulties for real estate agents

Strict conditions for the Financial Action Task Force (FATF) have created difficulties for real estate agents across the country.

In this regard, the sources said that the Federal Board of Revenue (FBR) sought a record of last year’s investment from real estate agents in Balochistan, Khyber Pakhtunkhwa and Sindh.

Sources said that the FBR has asked the real estate agents for a record of transactions in high risk areas.

Sources also said that a record of approved and rejected applications has also been sought from real estate agents in these areas.

Sources said that the FBR has also sought records of resident and non-resident investors.

 

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