I love my country replied on Sunday, March 10, 2013 08:34 AM
Dear Ali, funds sent by expatriates are the largest source of foreign exchange for pakistan. People must understand the dynamics of a recession. The money does not just evaporate in the air, it gets blocked when people stop spending with a fear of a recession, this is what actually causes the recession in the first place. For example, if you stop buying clothes, the clothes seller does not get paid, he does not buy from the mill, so the manufacturer suffers and he does not buy from the cotton grower, so the farmer suffers, and this is how a recession spreads, like an epidemic. I can predict that with the expected election results, stock market will boom and probably cross 2000 very quickly, people will start spending which will directly affect property prices as people will start investing into property again. So I believe this is a good time to buy as prices will shoot up after the election. It is also a good opportunity for expatriates to send more money home as their contribution to the country in anticipation of a better government. I am sure that we have seen the worst and whatever we find in the future, will still be better than what have endured in the last five years. Good luck Pakistan. |
