• Thursday, May 23, 2019

Bahria Town Karachi Street View, February 2019 - Expedition Pakistan

Discussion in 'Infrastructure & Development' started by N.Siddiqui, May 15, 2019.

  1. N.Siddiqui

    N.Siddiqui SENIOR MEMBER

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    Bahria Town Karachi Street View (February 2019) - Expedition Pakistan




     
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  2. N.Siddiqui

    N.Siddiqui SENIOR MEMBER

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    https://www.dawn.com/news/1471002

    The Supreme Court on Thursday accepted Bahria Town Karachi's Rs460 billion offer for the lands it occupies in the Malir district of Karachi and restrained the National Accountability Bureau (NAB) from filing references against it.
     
  3. alimobin memon

    alimobin memon FULL MEMBER

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    3.239803 United States Dollar. So we are also getting this money, would this have an effect if this had happened before imf deal ? would it had stopped imf deal for some time ?
     
  4. N.Siddiqui

    N.Siddiqui SENIOR MEMBER

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    Don't think so, the money to be reimbursed will be done over a period of time, like in 8-10 years or so.

    At the same time if the govt. of Pakistan has increased the gas/electricity charges other indirect taxation earlier say 3-5 years back and end subsidies, end tax amnesty and collects the fund/money before the IMF bailout it would have been a much wiser move.

    Now the money collected from the above mentioned measures will go to IMF as interest and as compound interest, earlier that money would have been gone to the national GOP kitty...so overall lack of foresight here.
     
    Last edited: May 15, 2019
  5. Yousafzai_M

    Yousafzai_M FULL MEMBER

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    Gov should put a 2% property tax on these houses. Too much money is being parked in the property market in Pakistan, which is the reason for prices skyrocketing. A house worth 5 million 5 years ago is now 25 million.

    Nowhere else in the world does that happen!
     
  6. Sheikh Rauf

    Sheikh Rauf SENIOR MEMBER

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    i would not buy land in any where in bahria. it will effect but rupee is dropping again so all the benefits goes to those who are corrupt. but my contribution is not to go towards bahria.