I have been following this website for 3-4 years now , tne team of this website is bunch of nice guys but I do not think they understand time periods when giving advise to others. So far all their estimates about time periods have been wrong.
It took phase 6 almost 10 years to get inshape and , ring road phase5-6 interchange is still under work (it was suppose to open in 2010 according to advise given on this website), DHA has so much work to do in phase 6, then phase 7 then phase 8 and then phase 9????
First of all DHA will not be able to do all this work in 1-2 years. Even if they do work on Phase 7 and 8, there will be so many plots available and according to demand and supply rule, price of phase 9 will never go up soon.
It will take atleast 20 years for phase 9 so its a very long term project . And the way the rupree is devaluating against all the international currences 50 lac of future are 20 lac of today so there is no actual gain.
50 lac of next 20 year are 20 lac of todat( Very important to understand)
The punjab govt does not have funds to give pay to govt servents the whole country is bankrupt, I do not think DHA will be able to make roads and do work on Phase 7-8 soon and phase 9 is even so so so so far away . So please convert your money into euro, australian doller, or canadian doller to make them safe.
So kindly think hard before investing in long term projects in pakistan ???????
Overseas Pakistani replied on Wednesday, July 6, 2011 10:59 PM
Instead of converting Pak Rupees into dollars, euros or pounds why don't we ask people to convert our foreign currencies to rupees and invest the money in the country.
If all the people convert rupee into dollars, pounds etc then this country don't need any enemies to destroy us.
All the people who invest in Pakistan's economy are very respecatable to me.
We should encourage people to invest in Pakistan instead of investing in foreign currencies or foreign lands. |
Usman butt replied on Wednesday, July 6, 2011 11:05 PM
@ overseas Pakistani
If oder to do business in Pakistan you need to do corruption and fraud and when you do not have power or oil or security in a country why you want to invest their . Its better to through your money in a well then investing it in pakistan.
have a discussion with some one who has a small factory in pakistan to know thw situation on the other hand india is doing so much better because they have more educated people running the country |
Overseas Pakistani replied on Wednesday, July 6, 2011 11:26 PM
@ Usman
Why we don't elect educated people or new political parties. People keep electing same rulers again and again. My point was that instead of investing in foreign property or foreign currencies we should invest in Pakistan in any profitable business. |
Azad K replied on Wednesday, July 6, 2011 11:34 PM
For the revival of the property market, inflation need to be reduced, and we need to encourage the growth of our economy in excess of 6% a year. Otherwise our population growth will become a ticking time bomb for us, and we will not be able to feed them or give them jobs.
I would ask all to focus on the economy and the property market will improve automatically if economy improves. If you are going to buy plots buy on ground plots as opposed to files which could be a ponzi scheme. I am suspicious of developers when they don't complete existing projects and keep launching new ones. We need strong laws to regulate developers and to protect the public.
Only in Pakistan can a developer not complete the project and then ask for further development charges whilst not compensating the plot owners for not delivering on time. |
usman butt replied on Thursday, July 7, 2011 11:51 AM
Habib
I think Pakistan had a lot chances , China , middle east , south korea and singapore and now india all are doing well and we are so far behind that you have no idea, I have already explained that gain in Real estate is just the devaluation of your curreny and the gain is not real its artifical like manupulation of most comodities in Pakistan for personal benifits.
UAE and USA are not doing good themself , if you look in 2010 euro was 113 now its 125, Australian doller is almost 90 and canadian doller 89. Why dont we compare Pak rupree with neighbous like india and bangladash? |
usman butt replied on Thursday, July 7, 2011 12:06 PM
1Pak rs = 0.518 Ind Rs ( in 2000 1 pak rs was 0.85 IND rs so in 10 years our currency lost almost half of its value against indian rs)
1Pak rs = 0.868 Bang Taka now
1pak rs = 0.5023 Afghan now
Also see other ecnomic indicators and how hard earn money of many pakistanies is losing its worth.
The govrenment is bankrupt due to decads of corruption and bad polocies. They just print money and that how our curreny is going down and down |
Azad K replied on Friday, July 8, 2011 09:15 AM
I am just as patriotic as anyone else, perhaps a lot more. However in order to move forward we have to admit our mistakes and our weaknesses if we don't do that then we will continue to sleep walk from one crisis to another. We can do our bit for the country but unless we get good leadership all are efforts are wasted, as they good we do individually is offset many times by the bad government and the bad bureacracy that we have. We are falling behind our regional competitors. We have so much potential, but our people are the worst enemies of Pakistan. |
LRE Hot Topics replied on Monday, July 11, 2011 10:26 AM
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