{"id":70603,"date":"2020-09-17T10:00:44","date_gmt":"2020-09-17T05:00:44","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70603"},"modified":"2020-09-16T18:06:36","modified_gmt":"2020-09-16T13:06:36","slug":"cooperative-societies-amendment-bill-2020-passed","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cooperative-societies-amendment-bill-2020-passed.html","title":{"rendered":"Cooperative Societies (Amendment) Bill 2020 passed for Islamabad&#8217;s housing schemes"},"content":{"rendered":"\n<p>Islamabad: The Senate Standing Committee on Interior on Tuesday (September 15) passed the Cooperative Societies (Amendment) Bill 2020 in a bid to introduce more transparency in the regulations and registration processes of the cooperative housing schemes located in the capital city, according to a news source.<\/p>\n\n\n\n<p>The legislation aims to allow the authorities concerned to practice more control over the affairs of such housing projects as well as control terror financing via this channel. The bill was moved by Advisor to the Prime Minister on Parliamentary Affairs Dr Babar Awan while the standing committee\u2019s chairman Senator Rehman Malik passed the bill.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/dc-islamabad-conduct-land-audit-cooperative-housing-societies.html\" target=\"_blank\" rel=\"noreferrer noopener\">Islamabad DC orders land audit of cooperative housing societies <\/a><\/p>\n\n\n\n<p>Terming it a \u2018national issue\u2019, Malik said that making these legislative changes was necessary for removing the country\u2019s name from Financial Action Task Force (FATF)\u2019s grey list. The main objective of introducing the amendment in the Cooperative Societies Act 1925 was to control terror financing. Furthermore, the old legislation barred prosecution agencies from proceeding with their inquiries and legal action.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fia-to-expedite-investigation-against-cooperative-housing-schemes.html\" target=\"_blank\" rel=\"noreferrer noopener\">FIA to expedite investigation against cooperative housing schemes<\/a><\/p>\n\n\n\n<p>The amendments further allow the implementation of stricter control over the cooperative societies\u2019 affairs by offering provisions regarding the audit mechanism.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Senate Standing Committee on Interior on Tuesday (September 15) passed the Cooperative Societies (Amendment) Bill 2020 in a bid to introduce more transparency in the regulations and registration processes of the cooperative housing schemes located in the capital city, according to a news source. The legislation aims to allow the authorities concerned to practice more control over the affairs of such housing projects as well as control terror financing via this channel. The bill was moved by Advisor to the Prime Minister on Parliamentary Affairs Dr Babar Awan while the standing committee\u2019s chairman Senator Rehman Malik passed the bill. Read: Islamabad DC orders land audit of cooperative housing societies Terming it a \u2018national issue\u2019, Malik said that making these legislative changes was necessary for removing the country\u2019s name from Financial Action Task Force (FATF)\u2019s grey list. The main objective of introducing the amendment in the Cooperative Societies Act 1925 was to control terror financing. Furthermore, the old legislation barred prosecution agencies from proceeding with their inquiries and legal action. Read: FIA to expedite investigation against cooperative housing schemes The amendments further allow the implementation of stricter control over the cooperative societies\u2019 affairs by offering provisions regarding the audit&hellip;<\/p>\n","protected":false},"author":18,"featured_media":70605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[39668,39666,39670,39671,39669,39667],"persona":[],"class_list":{"0":"post-70603","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-amendment-bill-for-cooperative-housing-schemes","9":"tag-cooperative-housing-schemes-in-islamabad","10":"tag-cooperative-societies-amendment-bill-2020-passed","11":"tag-cooperative-societies-amendment-bill-2020-passed-for-islamabad-housing-schemes","12":"tag-cooperative-societies-bill-2020","13":"tag-islamabad-cooperative-societies","14":"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>Cooperative Societies (Amendment) Bill 2020 passed - Zameen News<\/title>\n<meta name=\"description\" content=\"The legislation aims to allow the authorities concerned to practice more control over the affairs of such housing projects as well as control terror...\" \/>\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\/cooperative-societies-amendment-bill-2020-passed.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cooperative Societies (Amendment) Bill 2020 passed - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The legislation aims to allow the authorities concerned to practice more control over the affairs of such housing projects as well as control terror...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cooperative-societies-amendment-bill-2020-passed.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-17T05:00:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/09\/Islamabad-Pakistan.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samra Zulfiqar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samra Zulfiqar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cooperative Societies (Amendment) Bill 2020 passed - Zameen News","description":"The legislation aims to allow the authorities concerned to practice more control over the affairs of such housing projects as well as control terror...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/cooperative-societies-amendment-bill-2020-passed.html","og_locale":"en_US","og_type":"article","og_title":"Cooperative Societies (Amendment) Bill 2020 passed - Zameen News","og_description":"The legislation aims to allow the authorities concerned to practice more control over the affairs of such housing projects as well as control terror...","og_url":"https:\/\/www.zameen.com\/news\/cooperative-societies-amendment-bill-2020-passed.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2020-09-17T05:00:44+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/09\/Islamabad-Pakistan.jpg","type":"image\/jpeg"}],"author":"Samra Zulfiqar","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Samra Zulfiqar","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/cooperative-societies-amendment-bill-2020-passed.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/cooperative-societies-amendment-bill-2020-passed.html"},"author":{"name":"Samra Zulfiqar","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293"},"headline":"Cooperative Societies (Amendment) Bill 2020 passed for Islamabad&#8217;s housing schemes","datePublished":"2020-09-17T05:00:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/cooperative-societies-amendment-bill-2020-passed.html"},"wordCount":211,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/cooperative-societies-amendment-bill-2020-passed.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/09\/Islamabad-Pakistan.jpg","keywords":["Amendment bill for cooperative housing schemes","cooperative housing schemes in Islamabad","Cooperative Societies (Amendment) Bill 2020 passed","Cooperative Societies (Amendment) Bill 2020 passed for Islamabad housing schemes","Cooperative Societies Bill 2020","Islamabad cooperative societies"],"articleSection":["Legal &amp; Taxation"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/cooperative-societies-amendment-bill-2020-passed.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/cooperative-societies-amendment-bill-2020-passed.html","url":"https:\/\/www.zameen.com\/news\/cooperative-societies-amendment-bill-2020-passed.html","name":"Cooperative Societies (Amendment) Bill 2020 passed - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/cooperative-societies-amendment-bill-2020-passed.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/cooperative-societies-amendment-bill-2020-passed.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/09\/Islamabad-Pakistan.jpg","datePublished":"2020-09-17T05:00:44+00:00","description":"The legislation aims to allow the authorities concerned to practice more control over the affairs of such housing projects as well as control terror...","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/cooperative-societies-amendment-bill-2020-passed.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/cooperative-societies-amendment-bill-2020-passed.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/cooperative-societies-amendment-bill-2020-passed.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/09\/Islamabad-Pakistan.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/09\/Islamabad-Pakistan.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/cooperative-societies-amendment-bill-2020-passed.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"Cooperative Societies (Amendment) Bill 2020 passed for Islamabad&#8217;s housing schemes"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293","name":"Samra Zulfiqar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","caption":"Samra Zulfiqar"},"description":"Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market\u2019s most promising opportunities.","url":"https:\/\/www.zameen.com\/news\/author\/samra"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/70603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=70603"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/70603\/revisions"}],"predecessor-version":[{"id":70606,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/70603\/revisions\/70606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/70605"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=70603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=70603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=70603"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=70603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}