DHA Multan administration has instructed real estate agents to register with the FBR ( Federal Board of Revenue) through a Facebook post shared on its Facebook page.
As per the new, all dealers at DHA Multan are required to be registered as Designated Non-Financial Businesses and Professions (DNFBPs) under the Anti-Money Laundering Act of 2010. He also noted that registration is mandatory for all real estate agents, development authorities and co-operatives. Housing authorities for transferring the property.
Those who break the rule will be charged under the Anti-Money Laundering and Terrorist Financing Act section. The administration has made it mandatory for real estate agents to register with the FBR. These new steps will eliminate corruption and help dealers work in a safe environment.
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