Pakistan to end file system, crackdown on phantom plots

Islamabad: Authorities have announced a major decision to eliminate the traditional file system within two months as part of reforms to curb phantom plots and fraud in the real estate sector. The move aims to ensure transparency by linking all property transactions with verified physical records and ownership documentation. Developers will be held directly accountable, enabling swift action in cases of irregularities. This development under the Real Estate Core Cluster reflects a strong Government Policy to restore investor confidence and regulate the property market. For Lahore and Punjab, the reform could significantly reduce fraud risks and promote secure investments. Will ending the file system rebuild trust in real estate? How will it impact your property plans?