change of property laws,

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Dear All

There has been a lot of discussion on the successful meeting of Government and dealers, however I would like to point out that the new laws have been passed by parliament and hence no one including Mr. Dar can change or amend them. These will have to go back to the parliament for any amendments. Secondly the supreme court can set aside a law passed by parliament if it is against the constitution of Pakistan otherwise it cannot change or order a stay on a law passed by the parliament.

Secondly I think in any market, perception is more important than reality. If most people think that the market will go down, then it will go down regardless of the underlying fundamentals. Property has had a good run for the last 3 years and its gains have been 10 times more than the growth rate of the economy. Therefore it cannot go on increasing at this rate. Eventually all property is linked to the over all economy. You cannot separate the two for the long term.