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NAB reforms real estate to end fraud

Cash transactions out, plot ID system in; MoU signed with LCCI for facilitation

Our Correspondent June 09, 2026 Less than a minute read

LAHORE:

The National Accountability Bureau (NAB) has announced comprehensive reforms in the real estate sector to eliminate illegal practices, protect investors and promote ease of doing business, Chairman Lieutenant General (retd) Nazir Ahmed Butt said on Monday.

Speaking at the Lahore Chamber of Commerce and Industry (LCCI), he said future housing projects will regulate plot transfers through proper authorities. Cash transactions will be discouraged, and all payments will be made via banking channels. Housing schemes will not be allowed to sell more plots than available, and every plot will have a proper identification system.

A one-window facility will be provided for approvals from regulatory bodies to reduce delays for developers, he added.

A memorandum of understanding was signed between NAB and LCCI to strengthen cooperation. Butt also inaugurated the NAB Executive Facilitation Office at the LCCI premises.

Butt said NAB has recovered around Rs880 billion over the past two decades, with recovery volume increasing to Rs15.4 trillion in the current period. He also mentioned the recovery of 4.8 million acres of agricultural land. Large-scale government land worth around Rs10 trillion has been identified in Karachi, with recovery efforts underway in Punjab.

COMMENTS (7)

Naveed Ahmad | 1 month ago | Reply I invested my lifetime savings hard earning in 2021 in lahore Smart city thousands of affectees are there what will be the fate of those affectees We can never believe this mafia is not working under the cover of all government institutions umbrella everyone knows but same time those all are getting benefits from these corrupt land mafia its our fault because we born in this country...no one will never give us the solution regarding our investments

Qamar ul Hassan | 1 month ago | Reply Land mafia has destroyed many families robbing them of hard earned money. NAB reforms should focus on strict procedures. No project can be advertised without obtaining an NOC from the concerned district development authority for the total land being advertised. Plus any file which is purchased by customer should be verified by concerned authority . The NOC should be based on a plan showing number of plots being offered and verification by concerned authority with a unique numbering developer - plot size - area for the plot files which should be submitted to NAB for keeping a check on both developer and concerned authority.

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Mateen Mahmood | 1 month ago | Reply Thanks God as the same authority was very necessary specially this will definetly build confidence amoung the overseas as well as local investors as at present it is ZERO confidence amoung the individuals. It s been multiple cases heard while discussing in any social gathering where we have invested almost 10 years ago and till date there is no question of possession and exterior they used to show that it s almost complete whereas internally even utilities have also not yet started. On the top of it they are dare to advertise that the project is going to be ready in next 3 months and all fake but from this authority at least there will be someone to ask them the factual position. Thanks

Waheed Sheikh | 1 month ago | Reply How about those who has already paid full amount n despite elapse of many years no plot or apt has been delivered. Only promises. What NAB is going to do with those fraudulent societies. I suggest NAB should give them 3 to 4 months to clear their commitments. If they are not fulfilling their commitments in this period they should go to jail. No bail until n unless developed plots are delivered with heavy fines.

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