Pakistan
NAB announces new policy for housing schemes
Chairman NAB stated that all stakeholders will be included in the new policy of housing schemes.
![NAB announces new policy for housing schemes](/media/88158/conversions/348691_8882948_updates-1280x720.webp)
Lahore: Chairman of National Accountability Bureau (NAB) Monday announced to bring a new policy for housing schemes.
Addressing the ceremony in Lahore, Chairman NAB said that seven out of every 10 people are victims of housing scheme fraud for which they are introducing a new policy to protect the citizens.
Till date, there used to be two-way transaction between builder and buyer in the housing societies and the regulator was missing, he added.
Chairman NAB stated that all stakeholders will be included in the new policy of housing schemes. Now the transaction between the builder and the buyer will be three-way instead of two-way. The regulator will be a part of every transaction along with the builder and the buyer from the first day. All the transactions will be through the banking channel, no cash payment will not be allowed.
-
Pakistan 2 days ago
Nearly 50,000 Pakistani pilgrims go missing in Iraq: Minister
-
Weather 2 days ago
Rain likely at isolated places; humid weather to continue: PMD
-
Regional 23 hours ago
Punjab govt to usher skilled, empowered youth population: Adnan Afzal Chattha
-
Pakistan 1 day ago
Bad weather: Flight operations severely affected in Lahore
-
Regional 2 days ago
GCF funds $9.8 million boost to fight floods in KP
-
Pakistan 1 day ago
Pakistan welcomes “Declaration of Unity” by Palestinian factions
-
Crime 1 day ago
Five killed, three wounded in Karachi’s DHA firing
-
Regional 2 days ago
Rana Sanaullah lauds UNESCO's role in sports education