Waqar Latif replied on Friday, June 12, 2009 02:41 AM
CMY, i appreciate your analysis, and respect your thoughts but there are somethings which don't let me to accept it.
1. realestate business tax (shaukat tareen deny all other rumours about other taxes like kse, agriculture etc, but didn't said anything for realestate, also many official source are quoting unofficially these news, so there is a tax)
2. GST is going to be increase by 1% (which means all and every product will get expensive, and also put effect on property tax)
3. Recent most report submitted to the government about the "Actual" rates of the market, an this analysis was performed to put the actual rates to the development authority (thats again for tax purposes). Like PIA 10 m house's price at LDA is just 7 lac , and tax was calculated on this basis. but now if actual price will reach to the LDA how much tax they going to take.
4. National saving's rate is not going to decrease anywhere sooner, and people think this is one of the best place for their savings.
5. The buying power of the people has been dropped tremendously, now many of the middle class has joined poor class, since poverty level has jumped to 25k.
so i don't think rates can go up, in anywhere sooner. |
