NAB announces reforms for transparent property transactions

Islamabad: The National Accountability Bureau (NAB) has announced major reforms to enhance transparency and documentation in Pakistan’s real estate sector. Under the proposed measures, all future property transactions will be conducted through formal banking channels to curb undocumented deals, anonymous investments, and financial irregularities. NAB also plans to implement strict oversight of housing projects, including detailed inventory records of plots and units, to ensure buyer protection and project transparency. Linking property payments to the banking system will improve financial record availability and discourage illegal financial activities. Experts note that effective implementation could boost market transparency, investor confidence, and expand the tax net within the real estate sector.