Advertisement
News

Punjab Eases Property Sell & Purchase for Overseas Pakistanis with Historic Legal Amendment

Advertisement

For the first time in Punjab’s history, overseas Pakistanis can now buy and sell property without facing legal complications, with a new draft amendment to a 116-year-old law.

The proposed change to Section-31 of the Registration Act 1908 will allow overseas Pakistanis to register sale deed statements directly at Pakistani embassies, expected to save them hundreds of millions of rupees in time and travel expenses.

Previously, overseas Pakistanis had to visit the relevant embassies to register their power of attorney, which would then be sent to Pakistan. The recipient in Pakistan would be authorized to buy or sell the property in front of the registrar. This old process often led to legal complications and instances of fraud and cheating.

The amendment will streamline the property transaction process, making it easier and more secure for Pakistanis living abroad to manage their real estate affairs back home.

Advertisement
News Desk

Recent Posts

realme launches waterproof smartphone, the realme C75

The world’s fastest growing smartphone brand realme has officially launched the realme C75, a revolutionary…

14 minutes ago

Pakistan Announces Public and Optional Holidays for 2025: Here’s What to Expect

The Pakistan Cabinet Division has officially announced the holiday calendar for 2025, offering citizens a…

19 minutes ago

Over 10 Notable Pakistani Companies to Showcase Innovations at Intersec Dubai 2025

Intersec Dubai, the leading trade fair for safety, security, and fire protection, will return for…

32 minutes ago

SBP, PSX to Remain Closed on December 25

The State Bank of Pakistan, along with all banking and financial institutions including The Pakistan…

35 minutes ago

Sindh CM Sets December Deadline for Malir Expressway

Sindh Chief Minister Syed Murad Ali Shah made a surprise visit to the Malir Expressway…

38 minutes ago

PTCL partners with IBM & GBM Pakistan to modernize its IT infrastructure using IBM technology

Pakistan Telecommunication Company Limited (PTCL), the country’s leading ICT services provider, has partnered with GBM…

42 minutes ago