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Lahore Real Estate Forum: Property News & Community Talk : ,

(115754)
Saturday, February 2, 2019 05:50 AM 

FBR has increased valuation of plots by 25 to 110% in large cities of Pakistan. They plan to further increase these rates in the next budget. This means two things will happen. A buyer and seller will have to pay more taxes and duties, and secondly the buyer will have to explain a much larger amount to the FBR as to how he got that. Both bad news

4Muzzamil® replied on Saturday, February 2, 2019 06:06 AM 

Har chez , har investment pe he tax barh rha hy

Ahmed replied on Saturday, February 2, 2019 08:37 AM 

Wait and see real estate collapse in coming few months. The dollar certificate scheme will be the real fuel to fire. Investors are cunning individuals. With above 6% return, it's a matter of time people cash the investments. And once it's launched, everywhere you will see For Sale...

Imransheikh replied on Saturday, February 2, 2019 09:35 AM 

Don't forget whether you invest in " pakistanbanao" of any other profit schemes. This all is "INTEREST" SOOD and that is Haram. By better to do business or invest in property. Every year around 8 to 9 billion USD invetsed in property that is HALAL whereas profit of all kinds is prohibited in Islam.

Waqas222 replied on Saturday, February 2, 2019 10:45 AM 

Ahmed: Realestate is already collapsed , name any society where u saw increase in previous 1-1.5 years.
This revision of fbr rates, threat of fbr to track everyone who buys ( people not investing even under 5 million out of fear that they may get notices—people not even buying 1300 cc cars out of fear ) , fbr’s guys bureaucratic approach and attempts to mint money, speculation of further continuous rupee devaluation, threat of more taxes on Realestate in coming budgets, increase of interest rates to lure people to keep money in banks as govt & banks need money to make possible 50 lac naya Pakistan housing project, Pak banao certificates for “patriot” Pakistanis— are just a few factors that will cause prices to plummet further !

Ahmed replied on Saturday, February 2, 2019 11:01 AM 

Selected PM ki jo Govt hy.

Asad Khan replied on Saturday, February 2, 2019 01:43 PM 

The agenda is to crush the real estate What a game plan

RA replied on Saturday, February 2, 2019 05:37 PM 

The foreign currency accounts were first seized in 1998 after Pakistan conducted nuclear tests.
The accounts were frozen by then ruling PMLN government, to secure the country from a sovereign default, owing to the looming economic sanctions by international powers who were opposed to nuclear tests.
It was also aimed to stop foreign currency flight to other countries but it not only bought bad name for the country but also resulted in severe financial penalties.
A number of foreign businesses including banks shut their businesses in Pakistan and the overall trust of business community was shaken irreparably.
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