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Over with Honey Moon,

(52137)
Tuesday, March 24, 2009 04:31 PM 

Property data base is being prepared by the CBR to levy tax on the undeclared land property. Though it will be good for the country , but will have very negative effect on the already depressed property business. Investment in Property use to be an attractive option for those having excess money or who wanted to evade tax by investing into hidden business of buying property. Good days for property dealers are over.............Look sharp my brothers

Assad replied on Tuesday, March 24, 2009 04:45 PM 

FBR building Property Owners' Data Base
http://www.pakrealestatetimes.com/showthread.php?tid=3790

Asif replied on Tuesday, March 24, 2009 05:05 PM 

The investors will simply vanish from property market, and the property rates will be declined further . Sellers in the market will increase and only jenuine buyers will be there to buy makan or a plot for makan. Good luck to Property Dealers. Mr Haroon you are right!!! "our honey moon seems to be over"

moiz replied on Tuesday, March 24, 2009 06:20 PM 

bros, pehley kounsi suhaag raat chal rahi hi ????

all businesses are very depressed.

Abdul Aziz replied on Tuesday, March 24, 2009 06:42 PM 

I have read similar news on GEO tele-tape and feel that it will be a disaster for property dealers and real estate prices. Mr. CMY is requested ask like minded dealers to approach the Minister and try to talk him out of this.

Govt. should encourage investment in all sectors for the good of country's econonmy and should avoid taking steps which would force people to hold on to their money rather than investing it.

Abdul Aziz
Lahore

Hamid,Toronto replied on Wednesday, March 25, 2009 02:42 AM 

Totally agree with your Fahad Ahmed.

Pakistanis are not used to pay taxes. Welcome to Property Tax Wolrd!
I am not seeing anything wrong with that.

Waqar Latif replied on Wednesday, March 25, 2009 03:26 AM 

I am totally disagree with the figure only 5% pay taxes. Its only 15% pay income taxes, other yet pay taxes such as GST, W.H, Surcharges, Import Export Taxes & so o on.. & at the moment everyone pay around 40-60 of their whole expenditure only on the tax. But yes those who are paying income tax are less.. just for example, at the moment all pakistani who have transport paid around more then 350% (i am not counting current increase), similarly, every person who use telecom pays 36% tax, every person who just buy general daily use utilities he pay around 15+6% tax.. We have to demand from the government.. also, have u seen our government cabinet 81 ministers (excluding PA, Assts, Secties etc) just imagine even a country like USA don't have that huge cabinet. Similarly we have nazims, as well as civil government for every district, and pakistan has around 144 districts, so just imagine how many they absorb..

Abdul Razzaq - Riyadh replied on Wednesday, March 25, 2009 04:24 AM 

WaqarBhai, you are right, there are many sorts of hidden taxes in Pakistan. In USA and other european countreis, if public pay taxes in reward they also get facilitis. I am not against paying tax, but our tax departmens need lot of reforms to be updated. I further agree with Waqar we do'nt need too many ministers, secrectires, nazims, and useless civil servants without their positive output.

yesss replied on Thursday, March 26, 2009 09:42 AM 

I will gladly pay property tax. Taxes are a fact of life in every country of the world !!!
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