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Need yours Point of View,

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   Muhammad Hanif
Wednesday, December 31, 2008 04:24 PM 
Reply: >
I am right now in overseas, and I want to come back to Pakistan and want to start my own business. I have Pakistani 15 Million ( 1.5 Cror)...

I no have home also ... I will get 10 marla in rent ..

I lived 25 years in Pakistan so I know the ups and downs and tricks also: P (just to clarify that some people think that Pakistani always cheats the overseas so that’s no matter)


Please give the positive response that how much I can get the monthly if I establish any business in Pakistan…..

And a good living standard how much expanse in a month including house rent also

Waiting for your precious response

Regards
Ali11 replied on Wednesday, December 31, 2008 04:31 PM 

A developing has lot more opportunities than a developed country. If you work hard and honestly, you will never fail. There are bad people, but there are good people as well.

No doubt Pakistan is full of opportunities. If you are living abroad, perhaps you can find some items which you can manufacture here and export.
Jameel replied on Wednesday, December 31, 2008 05:28 PM 

Dear Sir, Cheating is not a big problem, Infact most of people have these problems and then they Blame cheting
Lack of Standing in Market
Lack of Experience in cerain Business
Too Much expectations From Business
Less rate of earning or margin as comapred to Overseas circumstances
Most of people who have good running business in pakistan have long standing, They start with small business and dig their way through time. Many people vanish in Journey and few who get established have some qulities. So you need mney, tatlent and Luck as well to Run a good business. No matter its factory, Tranport, Press or a shop. 1.5 cror is not too much money If you moved from counrtry 15 years back just think it is 20 lac.
Good Luck
Advise replied on Thursday, January 1, 2009 02:46 AM 

Invest in national saving certificates you will get 175,000 monthly.Pay Rs 20,000 rent for a decent 10 marla house and rest is for your monthly running exp. Live comfortably and easily after long struggle in life at abroad.

Readers are requested not to start halal or haram debate from here
Khizer Inayat replied on Thursday, January 1, 2009 06:54 AM 

My honest advice is:-

1. First of all you should consider the HALAL and HARAM as a muslim. While doing marriage, we always do Nikah that is HALAL. Then why people can even think of having Interest Based Investment that is absolutely HARAM in Islam.

2. Come to Pakistan and invest half of your money that is around 75 LAcs in Meezan Islamic Bank's Dollar Saving Account. This may give you a halal profit of approximately 30-40k Rupees per month.

http://www.meezanbank.com/DollarSavingAccount.aspx

With a minimum of only $100 you can open a Dollar Saving Account with us under a Mudarabah arrangement that is strictly in conformity with the principles of Islamic Shariah. The return earned on the Mudarabah pool is calculated every month and the profit ratio for all investors is declared at the beginning of the month. If you maintain a minimum average monthly balance of $ 500, you shall be eligible to receive profits that shall be disbursed to you every month.

3. For the rest of the 75 LACs, Buy a plot of Rs. 20-25 Lacs in a well developing society (10 Marla) and start building a house with a local honest contractor.

4. Rent a home and start living there and build this house with your own supervision, it may cost you another 20-25 LACs to build that house. While this house is being constructed, you can spend you time in some social work and research in business and society. you have to sell this house for only 15% margin. Tell people, this is the cost and I need to make 15% - you house will be sold in 10 days inshallah.

5. Do some business with Allah where 70 times profit is Guaranteed. Give to Eidhi, Shaukat Khanum, or any needy person near you. support some school kids for thier education and pay their whole year fee and similar activities. This will make sure that your other investments are growing and safe.

6. Pray from Allah about your success.

7. If you succeed, do pray for ME / CMY / All other brothers in this forum and All Muslims and specially Pakistanis.

8. After this, you can also help some other brother to achieve this goal......

Regards,

Khizer Inayat
Riyadh, Saudi Arabia
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Muhammad Hanif replied on Thursday, January 1, 2009 07:07 AM 

Desi,,,, I am 27 years old and I am having one son, just 2 years old and currently I am in Malaysia in a marble factory as a Production Manager.
I want to shift in Lahore. And I am interesting to start construction business. One house project like 10 Marla luxury style with A class decor and fully furnished,,,,, now what you suggest me
Ali3 replied on Thursday, January 1, 2009 07:24 AM 

1. Open a super store that sells everything, like Imtiaz, Naheed, Aga's, etc. (quoting shops from Karachi)

2. Meezan is not Islamic. Non-Islamic conventional banking is better than these so called Islamic banks because there is no hypocrisy and deception involved.
Guest007 replied on Thursday, January 1, 2009 09:32 AM 

Hanif you have lived in Pakistan for 25 years and now you are 27 years old. So that's mean you were in Malaysia for only two years. Just to let you know that nothing major has been changed in Pakistan beside new government. By the way think about establishing construction metrial factory as you have already experiance managing marble factory.
Adnan replied on Thursday, January 1, 2009 09:58 AM 

@ Khizer Inayat

really like your thinking, mashallah, idea is not bad, but i think investment in a Bank is not recommended at this moment in time

@ Mohd Hanif

there r many investment opportunities in Pakistan, e.g. Build n Sell houses, car service station, commercial building etc

Risk will always be there but it can be minimized by proper risk management

Gud luk
Mohammad Yousaf replied on Thursday, January 1, 2009 10:45 AM 

Hanif Sahib,

It seems strange that in Pakistan, plot prices are changing at all times but if you build a house, doing every thing honestly, you will never lose on that house if you sell it!
In Pakistan there is houses shortage and if government now starts moving towards right direction still it will take years before we break even versus house demand.
My suggestion, build a house and be honest with it, sell it (you have to consider here that how long you can wait before you get a buyer) and you will have guaranteed profit, no matter which area you choose.
You will of course go where basic facilities are available.
In my location in Rawalpindi, one of my friends who is in this business, sold a house getting 27 lacs of rupees and He was very happy over his profit. The same was re-sold within one month against 40 lacs of rupees!
In DHA Islamabad, I sold a 10 Marla plot and the buyer built a house for his own living, a family came from USA and wanted to buy. He asked a profit keeping mind that they will go away as the house was meant as his home. The buyers immediately accepted the price on huge profit.
He started another one, this time one Kanal, and had barely completed the foundations, and another party came with the reference of the earlier buyer and took the house again on huge profit!
Now this gentleman is building a 3rd house and swore that He will not sell it this time.
I am building a house on one Kanal plot in DHA; the plot price has come down very much but I am having already a buyer of my house from m y friends circle working around me.
I suggest learn house building, work hard in getting good Architect, the builder and then sell it, following a 6 month time schedule and you will be very happy out of it, no matter where property prices would go.
Now construction material is also less expensive and people now do not want to involve themselves in constructing their houses.
I am preparing a write up covering my experience regarding my own house but still struggling for time, when done, I will post it here

Best of luck
arsu replied on Thursday, January 1, 2009 11:14 AM 

Naveed, purpose of appearing on this forum should not be to impress someone with your knowledge but to respond to someone’s mail and contribute your thoughts in a way that is helpful and easily understandable to everyone. With due respect, I would say that most of the times your philosophical posts tend to be quite lengthy and lack practicality. For instance in your recent reply to the post of Mohammad Hanif, what you have said is totally a text book stuff.
Replying to “How much I can get the monthly if I establish any business in Pakistan” you are advising him to think business in terms of lifetime, or at least annual basis, rather than monthly basis. Today whosoever (whether small or big businessman) invests in the business, has only one thing in the back of his mind, ie to have a quick return. Hanif has got only 1.5 crore in his pocket, out of which he may hardly be able to invest 70 to 80 lacs in business, as surely he will keep some reserve for the back up also alongwith other miscellaneous expenditures. Now advising someone who is going to start a business with 70 lacs approx to think profitability in terms of lifetime – simply unworkable! Again your suggestions to apply further aromatics for the better probability of returns are totally impracticable and can not be implemented in a small scale business.

Few brotherly suggestions:

•Avoid pasting lengthy posts and try to be brief.
•Try to be specific and talk practical stuff
•Use easy terminology and plain language.
•Be sure what you are saying has the backing up of solid references
•Only jump into areas of which you possess good command.
•Never give suggestions that contradict with principles of Islam.
Jameel replied on Thursday, January 1, 2009 12:29 PM 

Dear Hanif, In these circustances to buy a plot and Build a decent house and sell is not very profitable idea, as there is Back log of houses which wee built a while ago and not yet Sold, These houses are available even on some discount. Even to cover the cost will also be difficult, If you think like this I shall advise you to spend some time Like month to search for a house, Then if you find in 80 Lac, try to figure out how much it will cost you if you buy a plot today and then Build yourself,
A small example is Bahria Town safari Villas, You can easily find a 8 merla Villa in 36 Lac, If you buy a plot and Build a house at same place it would cost 10% More than that and you will have to bother 6 to 8 months as well Plus it may take 1 to 2 years to sell.
Agha, Raza replied on Thursday, January 1, 2009 12:36 PM 

Dear Arsu,

I guess you were a sort of student who would skip any text found not comprehensible and constrain yourself only to simple and straight text.
Mr. Naveed Yaseen is a learned participant of this forum and many here profit from his knowledge and research. I would strongly urge Mr. Naveed Yaseen to ignore your comments and continue to share his knowledge with us.
Arsu, if you are not able to understand any text, it does not mean that it does not benefit others either. You could have given your own suggestions vis Mr. Hanifs Post instead of criticising Mr. Naveed Yaseens Post.
Kindly take this message in high spirits.
Jameel replied on Thursday, January 1, 2009 01:02 PM 

I shall agree with Arsu, most of times Mr Naveed Yasin's Posts are lengthy and not practical rather more critcal, But full of information. I think no one need to change its style. Active members are contributing lots to keep this Forum live.
I am sure there are thousands sillet here who will not post a single sentence, no matter a genteleman riffed off.
Desi replied on Thursday, January 1, 2009 02:48 PM 

Dear Muhammad Hanif,

Many brother have posted some real good suggestions here. Not sure if I can add anything else.

Fortunately you are in good profession (construction) that is in demand in Pakistan and therefore you should be able to make good living.

I also like Mr Khizer Inayat's post. I probably will do the same. However your biggest risk for the money deposited in bank is that it looses it's value. 100 ruppee today may buy you 92 ruppee worth of stuff in one year from now. On the other hand you don't want to put all the money in assets that are not liquid. If you have a choice of keeping your liquid money is foreign currency such as dollar, I think it would be a better idea. I am not a currency expert therefore I cannot tell you about other currencies or the future of Gold (if you decide to buy precious metal like Gold instead of currency).

If you learn the construction business for residential homes, you will find plenty of work. In fact there are few companies that expats like ourselves have a choice to reach out to. An idea is that perhaps you can target expats to build their homes with fixed price contracts. Build one home to start with, and post your work on this site to attract customer (as long as it is ok with Mr CMY). If you work honestly in the context that Allah SWT is watching and is know all/see all, the word will get around about your good work. I am sure many of the brothers on this forum will like to use your services once you prove your work and success.

Good luck to you and hope Allah SWT bless your family, work, and your move back home - ameen.
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