KARACHI: In an effort to combat money laundering and the funding of terrorism, the federal government is thinking of limiting the use of cash and enacting changes in the real estate industry.

This breakthrough occurred during a high-level meeting that was presided over by Ahmed Sukera, the chairman of the National Anti-Money Laundering and Counter Financing of Terrorism Authority, during the first week of May.

The committee voted to appoint individuals on deputation to operationalize the government entity, according to papers that Geo News has access to.

The paper went on to say that the body also examined how the Internal National Action Plan (INAP) on the problem of cash in organized crime was being implemented.

The forum referred to the problem of unregistered real estate businesses as a form of money laundering that causes the national exchequer to suffer large revenue losses.

The provinces’ recommendations for reforms in the real estate industry were also invited to the meeting.

In addition, the meeting resolved to name BPS-21 official Ehsan Sadiq as director general of the authority.

It is important to remember that, in response to an increase in terrorist acts in the nation, the federal government said in March of this year that it would be restructuring the National Counter-Terrorism Authority (Nacta) along contemporary lines.

Interior Minister Mohsin Naqvi declared, “It is more important [for the government] to take advance actions to eliminate terrorists and their facilitators,” in addition to requesting a thorough report on the capabilities of each province’s counterterrorism departments (CTDs).

The minister announced that the state would not, at all, pardon any terrorist organizations, and that “practical steps” will be done by the federal government in the upcoming days. A national narrative opposing the “extremist ideologies of terrorists” was also suggested by Naqvi.

In addition, a thorough plan would be developed to eradicate extremism and terrorism in addition to guaranteeing “full implementation” of the National Action Plan, which was created by the federal government in December 2014 to intensify the anti-terrorist campaign in the wake of the deadly attack on the Army Public School (APS) in Peshawar.