Pakistan PropertyTop News

For Establishment of Real Estate Regulatory Authority, Bill Passed in Senate

Senate passes bill for setting up Real Estate Regulatory Authority RERA for Islamabad

The Senate on Monday passed two private member bills including a legislation for establishing the Real Estate Regulatory Authority (RERA) for Islamabad – a news source reported. To this effect, senators from the treasury benches moved the Islamabad Real Estate (Regulation and Development) Bill 2018 and The National Counter Terrorism Authority (Amendment) Bill 2019.

According to details, RERA will be established under ‘The Islamabad Real Estate (Regulation and Development) Bill 2018’ and will work for regulation and promotion of the real estate sector in the Islamabad Capital Territory (ICT).

The bill was originally meant to regularize the national property marketplace, but its jurisdiction was later reduced to include the ICT only.

Meanwhile, The National Counter Terrorism Authority bill seeks to ‘devise a counter terrorism strategy that should address short, medium and long-term goals and devise action plans for their implementation’.

Moreover, two other private member bills called ‘The Torture and Custodial Death (Prevention and Punishment) Act 2020’ and ‘The Pakistan Institute for Parliamentary Services (Amendment) Bill, 2020’ were also referred to the committees concerned of the upper house.

The Torture and Custodial Death (Prevention and Punishment) Bill 2020 seeks to take steps for the prevention of custodial deaths and award strict punishments to the perpetrators.

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