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Property sector is under surgeon's knife,

(104118)
   M Zahid®
Monday, July 18, 2016 05:26 AM 
Reply: >
I read it this way, we have destroyed every other sector of economy but property sector survived. Now we are hell bent to destroy it. Whatever the outcome of today's negotiation is but long term property sector will be on rough ride from authorities.
So I request CMY to open office in UAE and start exploring that market. Pakistan realestate is ready to go down in the doldrums.
Kureshi® replied on Monday, July 18, 2016 05:52 AM 

Zahid sb,

I have noticed that there are only horror stories about property and taxes in Jang. Read other papers and you will feel better. I just read very encouraging news in Express Tribune today.

Let us be positive and hope for the best. Dont read Jang. it has some vested interest in this matter. I will try to upload Express news article.
User_16330® replied on Monday, July 18, 2016 06:26 AM 

It seems that the Top guys in government, opposition, some Media groups & Bureaucracy are more interested to boost UAE Property due to their high stake in their market. If Pakistani property continue to thrive, there are fair chances in near future that investment will be more in Pakistan than UAE and they will do anything to discourage it.
Khurram11® replied on Monday, July 18, 2016 07:09 AM 

Very well said. That's actually their expertise - destroying every sector every time they come to power and leaving the economy to the brink of bankruptcy.

However, they may survive this time and people won't move out money from Pakistan so fast (as they did in 1998 last time when the brothers were around). This is because the property markets in UAE and other places are in very bad shape already and it's not advisable to move out and invest money anywhere else than Pakistan.
Waqas Dubai replied on Monday, July 18, 2016 07:18 AM 

Inshallah they will be packed soon with their third class policies.
Waqas Dubai replied on Monday, July 18, 2016 07:20 AM 

Inshallah they will be packed soon with their third class policies.
Ashfaq® replied on Monday, July 18, 2016 08:21 AM 

Everyone can imagine about their mental capabilities. Our government and SBP also want to destroy real estate sector which is the only successful sector remains in Pakistan.
Dildawar replied on Monday, July 18, 2016 11:01 AM 

Yes, these two brothers are not doing good to tax evaders.
AHMAD HASSAN® replied on Monday, July 18, 2016 11:09 AM 

No one can stop prices to come down from 20 to 25%.
Ejaz_EJ® replied on Monday, July 18, 2016 11:55 AM 

i think Lahore market was inflated higher than other cities, so correction in Lahore market will be more than other cities, like Multan, Bahawalpur, Gujranwala or Islamabad.
stake holder replied on Monday, July 18, 2016 12:44 PM 

Ahmad Hassan, ap k mou may khaak, our hard savings are at stake tunu apnay tabsray di pai ay
Muhammad Asif® replied on Monday, July 18, 2016 12:45 PM 

Agree with Ahmad Hassan sb...
It is just a beginning.
Kureshi® replied on Monday, July 18, 2016 01:54 PM 

Jazbati qaum... bhai thora instizar farmaiye...nothing is going down.
Khan replied on Monday, July 18, 2016 02:57 PM 

Dear M. Zahid shabi,

Every other sector was destroy because of realestate market. People too their money out of every sector and pour into realestate.
Khan replied on Monday, July 18, 2016 02:57 PM 

Dear M. Zahid shabi,

Every other sector was destroy because of realestate market. People too their money out of every sector and pour into realestate.
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