Govt to tax remittences and exports for betterment of pakistan

[Imran Khan]

while other side bangladeshi gov increased incentive on remittances from 2% to 2.5%

this stupid gov will tax remittances ? people will go to hundi hawala

https://twitter.com/x/status/1539251883965091843

Remittances have increased to an all time high! Overseas Pakistanis don't seem to care about PTI vs PDM. Remittances will continue to roll in as long as PKR devalues. This was likely part of the reason for increase in remittances during Imran's tenure as well.

wrong its these two are eid months people must have send money on eid . just wait let eid months finish and see .

 

[maithil]

https://twitter.com/x/status/1539251883965091843

Remittances have increased to an all time high! Overseas Pakistanis don't seem to care about PTI vs PDM. Remittances will continue to roll in as long as PKR devalues. This was likely part of the reason for increase in remittances during Imran's tenure as well.

Money trumps everything. Where else will they get such good returns?

 

[Imran Khan]

Money trumps everything. Where else will they get such good returns?

in RE you can get 20% to 40% returns

i have gained 280% in 5 years

 

[Wood]

Money trumps everything. Where else will they get such good returns?

Good returns if you can pump the money into real estate as soon as possible. Inflation will take a while to seep into the sector and therefore it is beneficial. But otherwise, it may be like to catch a falling knife if PKR does not recover.

 

[Imran Khan]

Good returns if you can pump the money into real estate as soon as possible. Inflation will take a while to seep into the sector and therefore it is beneficial. But otherwise, it may be like to catch a falling knife if PKR does not recover.

if you have capital you will never loss ever in RE . just look go damn commercial plots prices reached in billions now

25 billions rupees plot for sale in islamabad . or 118,175,370.00 United States Dollar

 

[Wood]

if you have capital you will never loss ever in RE . just look go damn commercial plots prices reached in billions now

25 billions rupees plot for sale in islamabad
View attachment 855915

It is not true to say that you will never loose money in RE. Historically, there are examples for that in many countries.

But I can see why you would like RE. However, it is a very unproductive sector for the country. RE appreciation will make the cost of business higher than it should be. Not good for the larger population. Ideally, government should put speculation tax on this sector and make sure that people don't just flip for profit and are forced to rent. If forced to rent, then the low cash flow and high cost of debt will naturally make this sector unprofitable over time.

 

[Imran Khan]

It is not true to say that you will never loose money in RE. Historically, there are examples for that in many countries.

But I can see why you would like RE. However, it is a very unproductive sector for the country. RE appreciation will make the cost of business higher than it should be. Not good for the larger population. Ideally, government should put speculation tax on this sector and make sure that people don't just flip for profit and are forced to rent. If forced to rent, then the low cash flow and high cost of debt will naturally make this sector unprofitable over time.

well in case of paksitan no one damn loss . look at malik riyaz he paid 3bn$ fine happily . about non productive i disagree if people got RE and developed then it produce unlimited jobs . and that is what builders and developers doing in pakistan . how these cities are emerging from dust to sky without jobs and productivity ? everywhere thousands of malls and uncountable plazas residential buildings are creating jobs and productivity . a small mall these days have 100s of shops in it sir .

 

[Wood]

well in case of paksitan no one damn loss . look at malik riyaz he paid 3bn$ fine happily . about non productive i disagree if people got RE and developed then it produce unlimited jobs . and that is what builders and developers doing in pakistan . how these cities are emerging from dust to sky without jobs and productivity ? everywhere thousands of malls and uncountable plazas residential buildings are creating jobs and productivity . a small mall these days have 100s of shops in it sir .

It is unproductive if the resulting properties are too expensive for the buyers. Uncontrollable appreciation of RE does just that. You don't want China type ghost cities.

 

[Imran Khan]

It is unproductive if the resulting properties are too expensive for the buyers. Uncontrollable appreciation of RE does just that. You don't want China type ghost cities.

while here things are tottally diffrent . people set up shops even before palaza complete sir wanna see some examples of my sector ?

main apna sar pakar ker beth jata hoon ye dekh ker . it will never ever be ghost towns '

main ne kaha oper se aint giry gi neechy banda mar jay ga
look carefully lower ground and ground shops are on rent when even gray structure is not finished

 

[Wood]

while here things are tottally diffrent . people set up shops even before palaza complete sir wanna see some examples of my sector ?

main apna sar pakar ker beth jata hoon ye dekh ker . it will never ever be ghost towns '

main ne kaha oper se aint giry gi neechy banda mar jay ga
look carefully lower ground and ground shops are on rent when even gray structure is not finished
View attachment 855922


View attachment 855921

Hmm.. you said RE appreciated by 280% in 5 years. Currency has depreciated by 100% in the time. Have incomes also appreciated by 300% during this time? If not, how can people afford the RE market?

 

[_NOBODY_]

https://twitter.com/x/status/1539251883965091843

Remittances have increased to an all time high! Overseas Pakistanis don't seem to care about PTI vs PDM. Remittances will continue to roll in as long as PKR devalues. This was likely part of the reason for increase in remittances during Imran's tenure as well.

As long as the remittances aren't taxed these trends will continue; however, as soon as the government starts taxing the remittances people will stop sending them through legal channels.

 

[Imran Khan]

Hmm.. you said RE appreciated by 280% in 5 years. Currency has depreciated by 100% in the time. Have incomes also appreciated by 300% during this time? If not, how can people afford the RE market?

pakistanis dont like electrical anything . people have billions and 10s millions and if you see them they look like middle class people . people have money and there is no documentation . RE purchasers are murchants / gov officils / private bussiness owners/ land lords/ big farmers / politicians / and so on . last 30 years you will never see prices dropped once . all they do prices stopped for few weeks and then start growing . most of CDA/DHA/MULTI /BAHRIA project today looking like EU and dubai like were farm land just few years ago . just look bahria karachi it was barren land 5 years ago . this is most secure and profitable investment in pakistan people will keep investing .



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[Imran Khan]

@Wood


look here this guy come back from KSA his sons are doctors in USA . he build this mall in f-11 and he refuse to rent . he said why i rent i have money . telenor paksitan want it to be thier HO but he refuse . what you will say this nation ? he daily sit here outside with friends for gup shup

 

[_NOBODY_]

Hmm.. you said RE appreciated by 280% in 5 years. Currency has depreciated by 100% in the time. Have incomes also appreciated by 300% during this time? If not, how can people afford the RE market?

This is beyond me as well. No matter much the real estate market appreciates people still keep buying properties like it's nothing. My father made all of his wealth from real estate. He used to save and invest all the money that he made in Saudi Arabia in Lahore's real estate. He invested in DHA Lahore when it used to be small and completely empty and now DHA Lahore makes up 50% of Lahore.

 

[appliedfor]

if you have capital you will never loss ever in RE . just look go damn commercial plots prices reached in billions now

25 billions rupees plot for sale in islamabad . or 118,175,370.00 United States Dollar
View attachment 855915

I'm not interested