Dont panic
Dear friends,
It is a trubulent time and the main reason for panic is that nobody trusts FBR or income tax officers (due to past record).
My sincere advice is especially to overseas friends that we should compile our money trail properly for all the purchases that we have done and make a file of all our evidence.
Secondly tax filing should be given a proper thought rather than blindly filing and not declaring all assets including
files as if you buy something later on you have to prove the money trail. So think wisely about it.
Third is my personal advise. Hold if you can unless you need money because of two reasons=
1- As all cycles, this tough time will be over as well and people after a decade will thank the Alighty for buying these plots at current rates.
2- For a common pakistani who has some money where will he invest otherwise? how many can run a business and feed all these hungry officers and clerks to save business from their unfair taxataion etc and run from office to office to pay bribes etc.
I thought this might help someone so decided to werite it.
Finally if your investment is giving you hypertension or sleepless nights----get rid of it-its not worth the agony!
Hope it helps!