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Seeking Advice,

(56619)
Sunday, February 7, 2010 11:15 AM 

I ve 15 lac rupees, and dont know what to do.I do a business in Lahore and fairly settled. At times I think to buy property as the prices are very low and obviously attrative. but do not take the step due to
1: The fear of prices going down further.
2: I ve applied for the Australian immigration which I m sure will be granted, but after 3 years from now.
Please advise me what to do..... pls take me out of the confusion.
Should I keep the money and do nothing and wait for Immigration as I may need the money for me and my family with two kids in Australia.
Or buy some property now and sell it after 3 years when I ve to leave for Australia.
And also pls advise, should I opt for migration to Australia as I am earning about 60 thousands rupees in Pakistan.I ve 2 kids one is 8 and other is 10.

Habib replied on Sunday, February 7, 2010 11:24 AM 

Overseas Pakistanis are great asset, You shoud goto Australia and work hard to send Foreign exchange to Pakistan. 15 lacs you will earn in 3 months is Australia.Later Pakistan can get benefit from your skills and money.

Ahmed replied on Sunday, February 7, 2010 11:41 AM 

Please keep 15 lacs with you. You cannot get any worth property. Just put it in any bank (Islami or others) or in National Savings, and work hard in your business what are you doing. You have two sons of 8 and 10 years, keep full attention on them. If they get spoiled then if you earn billion no use.
better to stay pakistan and concentrate on your business. I believe you will be better than going Australia.

Assad replied on Sunday, February 7, 2010 12:56 PM 

AOA
Dear Hasan I wish your immigration brings you & your loved ones blessings and favors of ALLAH ALMIGHTY!
You should consider DHA9,10 file or Bahria Town Sector C 10 marlas plot (not file) as sector C is getting populated at good pace, construction started at many plots. It will give you very reasonable return in 3 years.
Regards
Assad

overseas pakistani replied on Sunday, February 7, 2010 02:09 PM 

habib sb tell me the way how to reach australia and how to get 15 lac in 3 months hmmmmmmmmmmm good deal

MM replied on Sunday, February 7, 2010 03:06 PM 

@Habib
Please do not misguid the innocent pakistanis.
There is no way and country to eran 15 lac(Almost US$18,000) in 3 months.I feel like you have never gone outside the country otherwise you would have not said like this.
Regards,

Visitor 1 replied on Sunday, February 7, 2010 05:19 PM 

Hassan sahib keeping money idle with you is not adviseable. As the prices of real estate is already at bottom level, it is time to purchase/invest. The society you may choose by yourself, however hints are:- To buy 10 Marla plot in DHA Phase 7 OR To buy 10 Marla plot in DHA Rahber OR To buy 10 Marla plot in Fazaia Raiwind Road. Wish you best of luck

Honest Advise of Ex overs replied on Monday, February 8, 2010 04:29 AM 

I am overseas Pakistani who live in France for 16 years and also in Canada. And finally decided to come back in Pakistan. I know there are some problems in Pakistan regarding the basic necessity but they are nothing compared to the one you will have when your children will grow up in Australia, it’s like your family end there. Your children will be no more yours (not 100% case) but majority yes.

If you are earning 60 thousand it is quite good, trust me you will not be able to save that much money every month staying in Australia, especially if you go with your family. It will be opposite you will be struggling at the end of the month for money.

However you want to go anyway, go alone for some years to save some money, but I think with you can save better here in Pakistan with your small business if you manage correctly. Or wait for your childs to be near 18 to leave so that they have learned the culture and respect for for parents (that’s what my parents did).

I am here for 5 months now, earning 80 thousand (I do have trouble with that basic things) but family life is a lot better, and it is better to earn less and have better family life over here in your own county.

Also keep in mind you and your family will be reminded and have always feelings no matter the number of years you will pass, that you are not in your own country.

So think about it . Door ka khawab both soahany lagtay hein. People work years over there come nad have fun just for a month when they come here and every one see only that month but not years he pass in overseas.
Good luck

Azad K replied on Monday, February 8, 2010 01:20 PM 

Best to keep the money on a deposit account until you know if you might be staying or going. Plots prices can go down as well as up, in the short term it is difficult to make any profit with any degree of predictability.

tzk replied on Monday, February 8, 2010 01:56 PM 

On the lighter side:)

Give them to me, i will keep them in a safe place, always growing, depending if you leave them there for "always"

abj replied on Tuesday, February 9, 2010 04:13 AM 

MM Bhai,
Although not everyone makes that much, but $60-80K annually for a professional is not a whole lot of money overseas, and is just a middle class income and required to have a comfortable life for a family of four. If you mean to say, saving that much money every month after taxes and expenses, yes I would agree with you. But making that kind of money is not a whole lot of money overseas. Regards,

msadiq replied on Tuesday, February 9, 2010 01:08 PM 

Dear MM Bhai,

Professionals like engineers, accountants, computer experts, etc. earn around A$100k pa on average in Australia. On $100k you pay around $28k in taxes and are left with around $72k pa. I think Habib's statement is not that far from actual facts.
Regards
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