Minimum wage versus house affordability Pakistan is among those countries which have minimum wage law. Minimum wage is raised in the annual budget. In the current budget 2017-18, minimum wage has been increased from Rs. 14,000/- to Rs. 15,000/-. People who are living on minimum wages have also needs and definitely want decent living. But…
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Affordable housing initiatives by KPK Government Affordable housing Housing which is available on discount or at low price as compared to open market is known as affordable housing. Public in Western countries have great access to affordable housing. In UK, 67% housing is the social housing or government housing. Affordable housing in Pakistan In Pakistan,…
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Pakistani houses are getting smaller in size Old houses in Pakistan are of large sizes. Low population density, vast land area and joint family culture were the major factors to promote the large size house construction. But things are different now, as Pakistani population is more than 220 million and prices of even small houses…
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Pakistan property market condition now Real estate activities in Pakistan were almost stalled after the property tax amendments 2016-17. Property prices also saw major setback, as new laws required the source of income by FBR. Blockage of black money was like deathblow for real estate sector. But after protests of real estate agents, government introduced…
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After shocks of property tax amnesty scheme Tax amnesty scheme for real estate sector approved National Assembly has finally approved a tax amnesty scheme for real estate sector on Wednesday, 30-11-2016. According to this property amnesty scheme, people have to pay 3% tax on the difference between the old DC rate and new FBR rates…
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Impact of black money on real estate sector Black money Black money is one that is earned from irregular or illegal means. But according to the government, money that is received in cash through underground economic activities, and is not taxes, is the black money. Black money in Pakistan According to the government officials, black…
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Why property prices rise and fall? Rise and fall of property price is the talk of every town. Generally property price rise is hailed as good and property price fall is considered as bad. But on other hand, property rise makes it difficult for masses to buy homes and fall in prices make homes affordable…
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GWADAR is world’s #1 investment hotspot Pakistan is the nation of 200 million people. Pakistan has many problems of its own but we Pakistanis should also remember that Pakistan is one of the most blessed nations on the earth. Pakistan is the nation blessed with everything which was possessed by great empires in history. Pakistan…
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Government has ruled out tax amnesty for reality sector Rumor about Real Estate Tax Amnesty Scheme Real estate transactions have greatly reduced due to new property tax amendments. Due to low activities and reduced income, real estate stake holders and realtors recently held massive protests across the country. The common talk of the town was…
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Property market stagnation is due to large size properties Pakistan property market stagnation Pakistan property market is stagnant at the moment. According to real estate experts its due to the new property tax amendments. But there is another cause of property market stagnation that we are ignoring, PURCHASING POWER OF BUYERS. As we all know…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.
