{"id":101682,"date":"2025-03-14T12:33:15","date_gmt":"2025-03-14T07:33:15","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=101682"},"modified":"2025-03-14T12:33:19","modified_gmt":"2025-03-14T07:33:19","slug":"agents-under-scrutiny-for-alleged-hawala-transfers","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/agents-under-scrutiny-for-alleged-hawala-transfers.html","title":{"rendered":"Agents under scrutiny for alleged hawala transfers"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) has compiled a list of over 70 real estate agents allegedly involved in transferring millions of dollars to the United Arab Emirates (UAE) through hundi\/hawala for property investments. This activity is believed to have contributed to recent pressure on the exchange rate, sources revealed.<\/p>\n\n\n\n<p>Officials disclosed that substantial amounts of cash were converted into foreign currency from the open market and then funneled to the UAE\u2019s real estate sector through informal channels. The FBR has raised concerns over the scale of these transactions and called for further investigations by the Federal Investigation Agency (FIA) and other relevant authorities.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/property-valuation-rise-could-lead-to-capital-flight.html\" target=\"_blank\" rel=\"noreferrer noopener\">Property valuation increase by FBR could lead to capital flight: IDA<\/a><\/p>\n\n\n\n<p>According to sources, the alleged agents secured cash from clients, exchanged it for foreign currency, and transferred it abroad without regulatory oversight. The funds reportedly fueled property investments in Dubai, where there are minimal restrictions on the source of income for real estate transactions.<\/p>\n\n\n\n<p>Real estate industry representatives acknowledged that such transfers have been occurring for years, facilitated through exchange companies. They urged the government to introduce incentives to curb illegal forex transfers, arguing that high property taxes in Pakistan are pushing investors toward the UAE market.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/wp-admin\/post.php?post=101343&amp;action=edit\" target=\"_blank\" rel=\"noreferrer noopener\">NA Committee approves relaxing restrictions on non-filers<\/a><\/p>\n\n\n\n<p>The government is already reviewing tax policies, including proposed changes in the Tax Laws Amendment Bill 2024, which could impact domestic real estate investment trends. Meanwhile, authorities continue to monitor foreign exchange movements, seeking measures to prevent capital flight through unofficial channels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has compiled a list of over 70 real estate agents allegedly involved in transferring millions of dollars to the United Arab Emirates (UAE) through hundi\/hawala for property investments. This activity is believed to have contributed to recent pressure on the exchange rate, sources revealed. Officials disclosed that substantial amounts of cash were converted into foreign currency from the open market and then funneled to the UAE\u2019s real estate sector through informal channels. The FBR has raised concerns over the scale of these transactions and called for further investigations by the Federal Investigation Agency (FIA) and other relevant authorities. Read: Property valuation increase by FBR could lead to capital flight: IDA According to sources, the alleged agents secured cash from clients, exchanged it for foreign currency, and transferred it abroad without regulatory oversight. The funds reportedly fueled property investments in Dubai, where there are minimal restrictions on the source of income for real estate transactions. Real estate industry representatives acknowledged that such transfers have been occurring for years, facilitated through exchange companies. They urged the government to introduce incentives to curb illegal forex transfers, arguing that high property taxes in Pakistan are pushing investors&hellip;<\/p>\n","protected":false},"author":18,"featured_media":99068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[62485,63090,63095,3362,63094,63099,63091,63092,63096,63093,7953,63097,823,58217,63098],"persona":[],"class_list":{"0":"post-101682","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-capital-flight","9":"tag-dubai-investments","10":"tag-exchange-rate-pressure","11":"tag-fbr","12":"tag-financial-investigation","13":"tag-forex-crackdown","14":"tag-forex-transfer","15":"tag-hawala","16":"tag-hundi","17":"tag-illegal-remittances","18":"tag-money-laundering","19":"tag-property-market-regulations","20":"tag-real-estate-agents","21":"tag-tax-policy","22":"tag-uae-property-market","23":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Agents under scrutiny for alleged hawala transfers - Zameen News<\/title>\n<meta name=\"description\" content=\"he alleged agents secured cash from clients, exchanged it for foreign currency, and transferred it abroad without regulatory oversight....\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/agents-under-scrutiny-for-alleged-hawala-transfers.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Agents under scrutiny for alleged hawala transfers - Zameen News\" \/>\n<meta property=\"og:description\" content=\"he alleged agents secured cash from clients, exchanged it for foreign currency, and transferred it abroad without regulatory oversight....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/agents-under-scrutiny-for-alleged-hawala-transfers.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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