Unregistered real estate business cause significant revenue losses to national exchequer
\n KARACHI
\nThe federal government has decided to tighten the noose around money laundering and terror financing by imposing a restriction on the use of cash and introducing reforms in the real estate sector.
\nThe decisions were made in a meeting of the National Anti-Money Laundering and Counter Financing of Terrorism Authority headed by the forum\u2019s Chairman Ahmed Sukera during the first week of May.
\nFurthermore, the huddle decided to appoint Ehsan Sadiq, a BPS-21 officer, as the Authority\u2019s director general.
\nAs per documents available with Geo News, the meeting decided on the appointment of officials on deputation to operationalise the government body.
\nMeanwhile, the staff will be hired on a permanent basis following the finalisation of the relevant rules and regulations.
\nThe 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.
\nOn 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.
\nThe meeting also decided to invite provinces\u2019 suggestions on the issue of reforms in the real estate sector.
\nIn March this year, the federal government announced its decision to restructure the National Counter-Terrorism Authority (Nacta) on modern lines amid a surge in terrorist attacks in the country.
\n\u201cIt is more important [for the government] to take advance actions to eliminate terrorists and their facilitators,\u201d said Interior Minister Mohsin Naqvi, besides summoning a detailed report on strength of all provincial counter-terrorism departments (CTDs).
\nThe minister signalled \u201cpractical steps\u201d 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 \u201cextremist ideologies of terrorists\u201d.
\nMoreover, a comprehensive strategy would be formulated to uproot terrorism, and extremism, besides ensuring \u201cfull implementation\u201d on the National Action Plan \u2014 an action plan established by the federal government in December 2014 to boost anti-terrorist offensive following deadly Army Public School (APS) Peshawar attack.<\/p>\n","protected":false},"excerpt":{"rendered":"
Unregistered real estate business cause significant revenue losses to national exchequer KARACHI The federal government has decided to tighten the noose around money laundering and terror financing by imposing a restriction on the use of cash and introducing reforms in the real estate sector. The decisions were made in a meeting of the National Anti-Money […]<\/p>\n","protected":false},"author":2,"featured_media":407923,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-407911","post","type-post","status-publish","format-standard","has-post-thumbnail","category-national"],"yoast_head":"\n