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Govt mulls restricting use of cash, decides to introduce reforms in real estate sector

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A man counts Pakistani rupee notes at a currency exchange shop in Peshawar, Pakistan September 12, 2023. — Reuters 

KARACHI: The federal government is considering imposing a restriction on use of cash along with introducing reforms in the real estate sector in its bid to tackle money laundering and terror financing.

The development comes as National Anti-Money Laundering and Counter Financing of Terrorism Authority Chairman Ahmed Sukera headed a high level meeting during the first week of May.

As per documents available with Geo News, the meeting decided on the appointment of officials on deputation to operationalise the government body.

The document further revealed that the body also reviewed the progress on the implementation of the Internal National Action Plan (INAP) on the issue of cash in organised crimes.

Regarding the issue of unregistered real estate business, the forum termed it a part of money laundering which results in significant revenue losses to the national exchequer.

The meeting also decided to invite provinces’ suggestions on the issue of reforms in the real estate sector.

Furthermore, the huddle decided to appoint Ehsan Sadiq, a BPS-21 officer, as the authority’s director general.

It is pertinent to know that the federal government, in March this year, announced its decision to restructure the National Counter-Terrorism Authority (Nacta) on modern lines amid a surge in terrorist attacks in the country.

“It is more important [for the government] to take advance actions to eliminate terrorists and their facilitators,” said Interior Minister Mohsin Naqvi, besides summoning a detailed report on strength of all provincial counter-terrorism departments (CTDs).

The minister signalled “practical steps” to be taken by the federal government in the coming days as the state would not grant pardon to any terrorist outfits at any cost. Naqvi also urged promoting national narrative against “extremist ideologies of terrorists”.

Moreover, a comprehensive strategy would be formulated to uproot terrorism, and extremism, besides ensuring “full implementation” on the National Action Plan — an action plan established by the federal government in December 2014 to boost anti-terrorist offensive following deadly Army Public School (APS) Peshawar attack.

Pakistan

Honda CD70 Dream Latest Price, Installment Plans – Sep 2024 Update – Pakistan Observer

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Honda remains leader in bikes market, with its top-selling units like CD 70, and that’s without making any major changes as the entry-level bikes look almost same for a long time. As the CD-70 remains its most selling model, bikes like the CD-70 Dream and Pridor are considered a niche products.

Despite failing to achieve top sales, CD 70 Dream is still in the market, featuring air-cooled, 4-stroke engine that delivers smooth performance and impressive fuel economy, often averaging around 60-70 km/l, making it ideal for daily commuting.

The bike looks better with stylish and modern design with attractive graphics, as compared to simple CD70. People also like its comfort as built quality remains optimum, comparing to other players.

Its pricing makes it accessible to a wide audience, including students and working professionals, solidifying its status as a favorite among motorcycle enthusiasts in Pakistan.

As bikes prices remain out of hands, people are having hard time to upgrade their ride while companies also face low sales.

Honda CD 70 Dream Price

The price of Honda CD70 Dream is Rs168,900 in September 2024.

Honda CD 70 Dream Installments

Installment Plans Monthly Payments 
3 months Rs56,300
6 months Rs28,300
9 months Rs21,890
12 months Rs17,200
24 months Rs10,170
36 months Rs7,800

 

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Pakistan

Check Property Ownership in Lahore, other Punjab cities Online – Pakistan Observer

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If you live in Lahore or any other city in Punjab; you might have faced difficulties in getting land record in previous years, but now the government made the land verification process smooth with digitization.

To curb the menace of land mafia and to help residents of Punjab, the government rolled out a systematic process and also eased the process of property transfers and real estate transactions.

A new verification system is Live by provincial authorities to check the legitimacy of properties available for purchase or investment across the region of 110 million people.

The relevant authority in this regard is Punjab Land Record Authority which oversees management and maintenance of land records. You can get different services, including ability to search for and view land records, as well as request copies of documents.

Check Property Ownership Online 2024

Here’s Step by Step Guide To Check property ownership

Step 1: Please visit PLRA portal at Punjab-zameen.gov.pk.

Step 2: Find ‘Property Registration,’ on home and click on https://rodportal.punjab-zameen.gov.pk/.

Step 3: It will ask you to select your district and service center.

Step 4: You can search by different options including Bahi number, ID card, registration number, or by person name.

Step 5: After entering details, please advance to ‘Search’ to get the land ownership.

With latest updates, you can check data on number of property transfers in last 36 months.

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Pakistan

Suzuki Bolan discontinued in Pakistan after 36 years; Here’s replacement for ‘Carry Dabba’ – Pakistan Observer

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LAHORE – Finally, it’s time to say goodbye to the iconic Suzuki Bolan as Pak Suzuki pulled plugs to replace the minivan with another model. Over the last 3.5 decades, Suzuki Bolan enjoyed decent sales and was valued for its flexibility, serving a multi-passenger vehicle and for commercial purposes.

Amid shift in auto landscape in Pakistan, Bolan becomes latest drive to be discontinued after Suzuki Mehran, which you can still spot.

Pictures of Suzuki Bolan’s last batch surfaced online, and Pakistanis hit nostalgia as many grew up in this vehicle. The final chassis number marked as 01151691. The country’s oldest automaker and maker of Bolan also confirmed discontinuation of the 800cc Carry Dabba.

The company decided to replace Bolan for its outdated design and lack of safety features. Amid its low sales, consumer demand for a modern replacement like Changan Karvaan increased.

Suzuki Every to Replace Bolan

Suzuki earlier mentioned that Every will replace Bolan, and one of its recent model was unveiled at a recent auto show.

The launch of Every models faced delays due to import challenges and it is expected to launch in mid October.

Suzuki Bolan Price in Pakistan

 

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Pakistan

Gold prices reach historic high in Pakistan – Pakistan Observer

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