It may be perceived from the interview of Finance Minister and other relevant personalities on different TV channels that some big names in property business are on board with FM to make/ammend the finance bill workable in such a manner that property business keep on going not only generating the sizable revenue for government but also safeguarding the rational interests of investors/public. The matter looks to be settled within some weeks. Hope for the best. Thanks
AHMAD HASSANŽ replied on Friday, July 1, 2016 04:49 PM
That means they implemented policy without any study. |
KureshiŽ replied on Friday, July 1, 2016 04:59 PM
Finally some good news. Ishaq Dar interview on Geo also indicates flexibity due to intervention of big property stake holders.
I hope and pray that some middle ground is settled without involving FBR whereby DC rates would be enhanced to be reflective of reasonable value ; not market value.
It also indicates that law was passed with an intent to scare people and get them to agree on the higher DC value. So it is important that people / dealers / investors should protest and suggest alternate.
I am very disappointed to see that many dealers have panicked and sound scared instead of uniting and voicing their concerns with their governing associations. some of them have really got used o easy money, I guess. |
Salman.AŽ replied on Friday, July 1, 2016 05:05 PM
Yes ISHAQ DAR slept, SAW A DREAM, and implemented the policy overnight.
Thinking that it will turn the tides in favour of Pakistan.
Those who think property does not help PAKISTAN is mistaken. The construction activity keeps 60 industries alive and millions of jobs are created by construction industry.
Government earn billions from property transactions.
When you buy a property it is documented economy not black economy. It does not matter if it is in wife's name or children's name. Government knows every thing about your family.
It is negligence of government by not pursuing people who buy properties worth billion of rupees and ask them about their source of income.
Government implemented DC rates and it was perfectly legal to declare your asset at DC value. |
SAK replied on Friday, July 1, 2016 10:39 PM
Government should, rather bound to close the doors of corruption instead of asking the source; even if this money has got no trail it is contributing in the vibrancy of economic activities as compared to capital outflow in the form like panama leaks: it is the moral duty of present govt to, at first stop the corruption and flight of capital and then ask the source: for which they have already been taxing heavily. |
