Pakistan property slump continues Real estate activates in Pakistan have stalled after the property tax amendments 2016. Transactions are 80-90% low from its peak in MAY/JUNE 2016. The new property tax amendments have badly affected the real estate sector. Even amnesty scheme is unable to give boost to stagnant reality sector. Pakistan reality sector has…
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Pakistan real estate booms and busts Since the dawn of 21st century, real estate sector has played a prominent role in our national economy. Pakistan has witnessed two property booms and busts since 2000. Let’s discuss the reasons behind these two property booms and busts. First property boom in Pakistan 2003-2005 Reasons of property price…
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Pakistan real estate construction sector is stagnant Pakistan real estate construction has always played a major role in national economy, as Pakistan is a developing nation and needs new residential areas & commercial centers for its booming urban population. But, now things are not rosy for real estate construction sector. In December 2015, more than…
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Property market situation after tax amnesty scheme Recently government has passed the tax amnesty scheme bill for real estate sector. This bill is passed to ease the realtors’ pressure and also to bring investments back to Pakistan property sector. According to this bill, non-taxpayers can pay 3% tax on property purchase to be tax-payers or…
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Supreme Court is requested to ban amnesty scheme Government imposes Income Tax Act 2016 (06-12-2016) The Federal government has imposed the Income Tax (Amendment) Act 2016 across the country. Parliament approved tax amnesty scheme for real estate sector on 30th of November 2016. This is open ended amnesty scheme, without time limit. According to this…
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Property taxes after real estate amnesty scheme Government has approved tax amnesty scheme for real estate sector. Non-filers have to pay additional 3% tax to become filer or in other word to whiten the black money. Changes in property taxes 2016-2017 WHT, CGT, ST & CVT will be charged according to the rates set in…
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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…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.
