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karachi fair value table,

(104506)
   AldwinŽ
Monday, August 1, 2016 05:45 PM 
Reply: >
Is this the correct and confirmed fair value table for karachi?
Does anyone have it for lahore?
CMY?
AldwinŽ replied on Monday, August 1, 2016 06:10 PM 

Correct me if I am wrong please. To buy a 1 kanal plot in ph 8 of dha karachi valued at 1 crore by fbr, a non filer has to pay approx. 5 lac total tax (advance income, wht on fbr rate and cvt, stamp duty on dc rate).

Most investors within Pakistan are non filers. If they have black money, they will then turn to stock exchange which coincidentally has reached almost 40,000 index points today!!!!!

Short term investment will not be possible. Long term holders will prevail. Government should take zero tax from first time buyers who want to build their homes.
CMY replied on Monday, August 1, 2016 09:47 PM 

First 12 months 50% of one crore of FBR rate will be used for tax calculations.

Next year 75% amount of current market price of FBR to be used for tax calculations.

Only in third full injection of 100% of FBR market price for tax calculations to be used on us. Syringe is big but this time only half medicine to be used from that syringe so we cant have a severe allergic reaction to it :)
SurferŽ replied on Monday, August 1, 2016 10:41 PM 

Well said CMY Sb.
In my opinion only Lahore property will be on the rise now. What will you suggest to your loyal buyers & Sellers now who are looking for your go ahead to buy in Dha. I think its all clear now.
AldwinŽ replied on Tuesday, August 2, 2016 03:30 AM 

Thanks CMY.
You still have not posted the FBR rates for Lahore DHA?
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