Long term Realestate Investment
with the relaxation of LRE policies I am starting writing again , I am non resident Pakistani
I am long-term property investor, and have invested in almost all reputed housing societies in Lahore. The Rule of thumb had been if you invest in slump you have almost no chance of losing at least in terms of Pakistani Rupees,
I started investing about 13 years back and had versatile experience of buying but not selling. Especially residential , The Investment which I Bough About 10 years back are about 5 to 6 times growth in Pakistani Currency, the things were OK till 2018 when I invested heavily in prism after First devaluation of Nawaz Govt, at that time
prices were 25% lesser than 2015 peak in Prism, In spite of having good purchases all my investments are 30% Low in terms of UAE Dirhams, In past 20 years my experience with Pak Currency was if it was devalued 10% it will stay so for another one year, it happened so even worst time Zaradari as well, In that time market would absorb impact of devaluation. This is first time we are seeing Pakistani Rupee going down and down again.
In last one year I have borne so much loss in terms of AED Currency that my 3 generations can be fed life long on that almost 50% shed on all holdings in Pakistan. Other who are holding will have same impact but my be unable to calculate, In Simple terms If I was Holding 3 Kanal Plots in DHA years Back, Today one of them is wiped out due to economic performance of Govt.
Point was to emphasize that Overseas Pakistani are main investors in real-estate and such a sheer weakness of Pakistani Currency will definitely a big -big factor for their long term investment decisions. To me It is far bigger factor than FBR rate or asset declaration.
Should it continue then Pak Currency will become worthless paper and all real-estate or high value Purchases will be done in Dollars and Rupee will be used just to buy Double Roti and Milk which will change rate every weak, Pakistan will Joint other Countries like Lebanon and Egypt etc. where property is valued in Dollars.
I am not sure what Current Govt is looking at but, From their Performance it is quite Clear that they have succeed to stop all types of business in Pakistan except Black Money exchanges.
Kh Qasim replied on Thursday, June 27, 2019 06:34 PM PST
what are the useless imports that we are currently doing?
Many. There are two kinds. 1 things that we make but still import 2. Things we dont make but are useless. For e.g in the first category are things like Fans, exhaust fans, coolers, clothes, shoes, fruit, toys, motors, pumps, bathroom tiles, floor tiles, sanitary fittings, sinks, flushes, switches, etc. The second category are imports like fancy toys, sweets and chocolates, high end mobiles, LED TVs, perfumes, garments, bakery items, land cruisers, Prados, rugs, fancy furniture. Even simple toffees are being imported from China. |
Rana A. replied on Thursday, June 27, 2019 09:32 PM PST
Salam to all,
It's a long time to read really intellectual discussion.
In my view we all having moral duties on each stage on each level whether we are in land or out of land.
Also no doubt, the overseas pakistani were and are sending and sending money to their relatives or for themselves but our leaders + bureaucrates took it back to west.
As to pray namaz, first of all we should have wadoo but unfortunately in whole muslima umah incl. Pak we are liars, cheaters, selfish and lazy. We don't like to work but we want to be richest in overnight while sleeping.
Nrw govt is speaking about Madinah but still i did not undetstand, " why did they not implement the laws of Madinah Walay kay".
E.g; In Islam tax is named Zakat. It is 2.5%.
Its also true our leader is honest but he has to make his left and right hands also honest, intelligent, hard working and inventors, not "Lakeer day Fakeer".
If some obe tells me we are stupid nation, i would not believe. But govt has to find out honest and appropriate brains. They can ask whole nation, " please write down your suggestions how to come out the economic and moral crises without age, sex or region distinction". And govt.has to select best hundreds or best 10 and ultimately best 1.
No doubt, when you try to catch a thief that would show reaction in all possible ways even to kill you for ones escape. So this happened and happening. But captain also has not to let his boat sink while fighting.
Inland paki's or outland paki's also have not to start collecting dollars and even dieing with fear of loss in other investments. They have to think one minute, we are brown and we would stay brown outsiders on western world whether we are having western nationalities. We are called there, browny or blacky. Is it true or not?
Govt.also should not make scary to businessmen or investors. It is human nature, each one wants profit not loss.
In my suggestion, govt. should give them guarantee of security in all the ways and convince them to pay most least tax in the world. Believe me, whole business world would run to Pak.
I hope this amnesty would help Pak, InshaAlh.
Crying people always cry whether is spring or autumn, winter or summer. Is it right or not?
World steping forward so we should also step forward with passion, devotion and hardwork.
Wa salam,
An overseas |