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We need more green areas in our cities The fast urbanization in Pakistan is eating up the green areas. Once our cities were decorated with the beautiful trees, but widening of roads and fast commercialization has consumed the green areas. Now our cities look like concrete jungles. This is not that we don’t need commercial…

New property tax system is blessing for genuine buyers Pakistan new Property Tax evaluation system 2016 In Pakistan, taxes on real estate transactions are applied according to DC rates which are much lower than the original market prices of properties. The government of Pakistan has changed this procedure in 2016. According to the new procedure…

Pakistan needs simple property tax formula Pakistan is the country with severe shortage of housing. Housing shortage has reached an alarming mark of 10 million. Pakistan needs 1 million new houses every year to cover the housing need, but we are building just 3-4 lac houses every year. To solve this housing crisis in Pakistan…

Minimum Wage in Pakistan and house affordability Pakistan minimum wage is set every year in annual budget. Minimum wage has been raised from PKR 13,000 to PKR 14,000 for the year 2016-2017. There are two different opinions on raising minimum wage. One group says minimum wage is necessary for better life style. But according to…

Redevelopment of Wahdat Colony Lahore The government of Punjab has recently announced to redevelop WAHDAT COLONY Lahore. Wahdat Colony was developed as low rise housing development in 1970’s. The latest decision by the government of Punjab is to better utilize the central Lahore land. Lahore has limited and very expensive land due to high population…

Record low interest rate in history of Pakistan The state bank of Pakistan in its last meeting of May 2016 has decreased the policy rates by 25 basis points. The interest rate is lowered from 6% to 5.75%. New interest rate is the lowest in history of Pakistan. Historic average interest rate in Pakistan is…

Emerging Luxury Property Market in Pakistan Luxury property is the symbol of growing economy and rising purchasing power of the general public. Luxury property plays a major role in the economy of developing and developed countries. Luxury properties are always used to secure money and are also the source of high taxation around the world….

Developers should focus on local Pakistani market Approximately 9 million Pakistanis live abroad. Majority of Pakistanis live in Saudi Arabia, UAE, UK, USA, Canada and Australia. These Pakistanis send huge remittances. Pakistan received record $20 billion remittances from Pakistani expatriates in 2015. Major portion of this money is parked in the real estate sector of…

Gwadar is a coastal city of Pakistan located in the province Balochistan. Gwadar has natural deep water sea port. China and Pakistan have recently signed a deal to develop Gwadar Port and Gwadar-Kashgar Economic Corridor. China is investing $46 billion in Pakistan for different infrastructure projects including the development of Gwadar Port. It is expected…

Pakistan; the land of pure is prone to frequent earthquakes. The 2005 earthquake of magnitude 7.6 killed thousands of Pakistanis in Azad Kashmir and Khyber Pakhtunkhwa. The damage to infrastructure and buildings & houses was enormous in 2005. The recent earthquake on 26 October 2015 of magnitude 8.1 was also a call to hell. According…