⚖️ Legal Consequences for Unlicensed Brokerage Activity
Markaz
Last Update 3 days ago
Operating without a license can lead to serious consequences under Pakistani law:
Fines ranging from PKR 50,000 to PKR 1,000,000
Imprisonment (in fraud cases)
Civil lawsuits from clients
Blacklist on platforms like Markaz.pk
Buyers and sellers should always verify agent credentials before making any agreements.
Pro Tip: Ask for a valid license or registration number before engaging any brokerage service.