Ahmed Construction Company

Acco’s fast growing construction company based in Lahore, Pakistan. We undertake civil construction, interior designing & decoration and fabrication services of residential, institutional and commercial buildings throughout all over Pakistan. We are keen to carve a niche in the market by delivering high quality construction and engineering solutions within budgeted time and costs. Incepted in 1999, we develop high-end residential and commercial projects including villas, hotels, office complexes, malls etc and provide complete construction solutions. Acco has gained over 20 years of fruitful experience in civil and commercial construction industry.

icon_widget_image Monday-Friday: 9am to 9pm; Satuday: 10ap to 4pm icon_widget_image Office 24, 2nd Floor BigCity Plaza, Gulberg-III, Lahore icon_widget_image + (92) 322-8000-190 + (923) 111-749-849 icon_widget_image info@acco.com.pk ahmed@acco.com.pk

FATF: Real estate agents to share sellers/buyers information with FBR

FATF: Real estate agents to share sellers/buyers information with FBR

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ISLAMABAD: The Federal Board of Revenue (FBR) issued a notice to real estate agents and builders to share data regarding all buyers/sellers before negotiating a deal to prevent terrorists from entering real estate deals in compliance with the Financial Action Task Force (FATF) conditions.

In this regard, FBR has launched an app and published 4,500 proscribed terrorist records on it. Under this initiative, if the real estate agents find a match of any CNIC information of a buyer/seller on the app, the app will generate an automatic Suspicious Transaction Report (STR). Additionally, the agents are also required to maintain records of all prospects.

In all cases, the buyers/sellers would need to file a form about the property’s actual beneficial owner.  Even if a third party is involved in brokering the deal on someone else’s behalf, the FBR requires them to submit the aforementioned form. 

The FBR has also provided a list of reporting requirements and various functions of the real estate builders/developers. They are registered as Designated Non-Financial Business and Professions (DNFBPS).

 

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