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Archives: November 2016

Impact of black money on real estate sector

Impact of black money on real estate sector Black money Black money is one that is earned from irregular or illegal means. But according to the government, money that is received in cash through underground economic activities, and is not taxes, is the black money. Black money in Pakistan According to the government officials, black…

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GWADAR is world’s #1 investment hotspot

GWADAR is world’s #1 investment hotspot Pakistan is the nation of 200 million people. Pakistan has many problems of its own but we Pakistanis should also remember that Pakistan is one of the most blessed nations on the earth. Pakistan is the nation blessed with everything which was possessed by great empires in history. Pakistan…

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Parking issues are destroying our beautiful developments

Parking issues are destroying our beautiful developments Pakistan is one of the fastest developing nations of the world. Urban areas are packed with people and usage of vehicles in increasing day by day in Pakistan. Majority of commercial and residential developments in Pakistan are old and cannot accommodate the increasing number of vehicles. Parking is…

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Government has ruled out tax amnesty for reality sector

Government has ruled out tax amnesty for reality sector Rumor about Real Estate Tax Amnesty Scheme Real estate transactions have greatly reduced due to new property tax amendments. Due to low activities and reduced income, real estate stake holders and realtors recently held massive protests across the country. The common talk of the town was…

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Pakistan reality sector without black money and foreign remittances

Pakistan reality sector without black money and foreign remittances Pakistan reality market is stagnant due to low sale and purchase activities. Prices are tumbling in every major urban areas of Pakistan. Real estate transactions have reduced to record low, about 90% down from pre-budget level. Property prices in Pakistan are higher for masses even after…

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AMNESTY SCHEME for real estate sector

AMNESTY SCHEME for real estate sector Property transactions have almost stalled in all major cities of Pakistan and property prices are already down by 20-35%. Many real estate agents have closed their agencies due to approximately zero income. Recently, real estate agents and reality sector stakeholders held protests in Karachi, Lahore and Islamabad. After these…

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