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Investor Presentaiton

Registering Property Registering property has also shown improvement as Pakistan has ranked from 161 in 2019 to 151 in 2020. The Punjab Land Record Authority (PLRA) has automated many of its procedures of registering lands and now deals with cases more time efficiently. Registering Property (rank) Time (days) Procedure for Registering a Property Sr# Procedure Obtain Fard (ownership and non- encumbrance certificate) from Arazi Record Center E-Challan is generated for payment of following taxes: 151 105 Time Cost (PKR) 1 day 500 (i) Stamp duty. (ii) Town tax. 2 (iii) PKR 500 flat registration fee (iv) Capital Value Tax (CVT). 1 day All the fees are paid at The Bank of Punjab only through generating the challan from the website Town Fee (1% of property value) CVT (2% of property value) Stamp Duty (3% of property value) Cost: (Varies from 3 Hire the deed writer or the lawyer to 1 day draft the sale purchase agreement lawyer to lawyer) Execution & Registration of a Deed Before Registration Authority & 8 days 1000 Mutation in Revenue Record at Sub Registrar Office Reforms in Registering Property The Punjab Land Record Authority (PLRA) is the government agency which has the mandate to register lands and computerize all the land records. The main objective behind establishing the authority is to reduce time in property registration and ensue transparency. . PLRA has reduced the time for Execution and Registration of deed from 8 days to 15 days. 14
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