I like to share the following quote:
Once Nelson Mandela said that they won the battle because they unveiled their case to the western general community while Muslims failed to expose abuse against them because they continue to put forth their case in front of western governments.
Property is going to be under a heavy taxation with the increase of tax net. Increase in taxation is prescribed the Financial Advisor. This is our tragedy that whenever there develop a positive hope (hopes developed when they curbed the currency flight) a curse follows it. Investors & common businessmen will give up owing to everyday change in fiscal & monetary policies without proper legislation & allowing a time limit to the stakeholders. Our Justice & legal system and the SBP should have disallowed malpractices of banks & money-changers together with the connivance of the governments during the last decades.
Another bad news for the economy is that Qadirpur gas field will going to be privatized without investigating the fact how much further gas reservoir is there in it & beyond that. At the moment, it might sounds having no relation with investment & property business; alas! The consequences of raising Gas prices will be more tragic than the earlier energy crisis in hand. Does that do well to investment property business? No.
Nelson Mandela has won his battle, but if our investor & business community failed to present their case properly, they will be continuously abused & exploited with surprises.
Is there any forum (not politically polluted) which can help us to raise these questions?
:pkf :pkf
Habib replied on Tuesday, November 11, 2008 10:43 AM
Flight of Capital will always be there when there are no checks and Balances, People earn Tons of Black money and when they are afraid of some changes they find safe Heaven,
The past Govt deliberately allowed over speculation and gave protection to Black Money by allowing “Open Files” etc No taxes No limit that how many Plots one can own etc. At the same time many unrealistic projects were thrown into market, Property is Hell Lot expensive item in Pakistan, You naturally expect Billion of rupees with these so called developers, when they thought the show is over they ran away with money.
I wish Shoukat Aziz be here to answer what good he was doing to allow such a massive speculation.
Coming to the privatization of oil field I don’t know the details, are there exclusive rights or there is some checks and balances? |
