after this heavy taxation, this business is dead atleast for a while. the question is where would the money go instead? there are two types of investors
1. local investors who cannot do active business like setting up a shop or industry or farming etc bcoz of old age or no experience or difficulty of doing business in pakistan due to law and order/ corruption etc. they used to keep money in banks for profit which is already on historic low, so they started investing in properties which is also gone now. stock market is very tricky and not everybodys cup of tea as there is a wide belief that its a risky affair where yu can lose all yur savings overnight.
2. overseas pakistanis who only invested in properties as they cannot set up an active business owing to general dishonesty prevailing in our society. after years of being tricked and looted by BROTHER IN LAWS OR COUSINS overseeing their businessess, overseas ppl now only invest in properties and nowhere else.things are not good in Middle east due to oil crisis, Europe after Brexit and USA due to fear of Trump getting into power.
QUESTION IS WHERE WILL ALL THIS LIQUIDITY GO?
Ekrar® replied on Thursday, June 30, 2016 07:30 AM
Gold will be a safe haven now... gold prices are already going up with the recent developments on international arena i.e fear of staggering pounds due to Brexit and now "Scottish-Exit", calls for referendum in Neitherland to leave EU may dwindle Euro as well....Dollar is also insecure till next US Election.
The property prices may slightly correct and then there will be an epoch of STAGNANTION in property business....less buyers and even lesser sellers will be seen ! |
AHMAD HASSAN® replied on Thursday, June 30, 2016 09:55 AM
@ Ekrar, 100% correct |
