Chairman NAB stated that all stakeholders will be included in the new policy of housing schemes.
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.
Trump administration weighs adding 36 countries to travel ban, memo says
- 8 hours ago
Iran missiles kill 10 in Israel in night of mutual attacks
- 13 hours ago
Meta inks a new geothermal energy deal to support AI
- a day ago
Pakistan stands with Iran against Israeli aggression: PM Shehbaz
- a day ago
Sources: Knicks set for talks with Brown, Jenkins
- 11 hours ago
Israel and Iran strike at each other in new wave of attacks
- a day ago
Govt hikes petrol price by Rs4.8 per litre
- 4 hours ago
Taboola’s clickbaity chumbox is evolving into an AI chatbot
- a day ago
FinMin vows to take lead in digital assets, innovation
- 8 hours ago
450 Pakistani pilgrims evacuated from Iran
- 7 hours ago
Youth is not tomorrow, it is now
- a day ago
Trump’s military parade is a warning
- 21 hours ago
