Lahore: The Punjab government is set to revise a 116-year-old law to streamline the property market of Punjab, making it easier for overseas Pakistanis to sell property without encountering legal hurdles, as announced on June 24.
Currently, under Section 31 of the Registration Act 1908, Pakistanis living abroad must register their power of attorney and send it to Pakistan for property transactions, which often results in legal complications and fraud. The proposed change will enable expatriates to submit their sale deed statements directly at their embassies, removing the necessity of traveling to Pakistan.
With the planned amendment to Section 31(1) of the Registration Act 1908, overseas Pakistanis will appear before a designated commission officer at their local embassy for property transactions. Meanwhile, the party involved in Pakistan will be verified at the sub-registrar’s office through the NADRA system.
This initiative, developed in cooperation with MOFA, aims to simplify the process and cut costs for overseas Pakistanis dealing with real estate matters.
Read: Construction Cost of 10 Marla House in Islamabad – An In Depth Guide
