Mujahid Memon
SENIOR MEMBER
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- Apr 24, 2012
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Investing in property is bad idea. Although it will give you easy money but its not productive for the economy. You will indirectly contribute in the skyrocketing of property prices and make it more difficult for poor people to build their own homes.I want to start this thread. Not only for myself for others who maybe in the same boat as I am. Want to brainstorm about long term investments in Pakistan with a start seed money of $65,000 (Rs. 1 Crore). Several ideas in mind:
1) Buy property in Islamabad. But I have no relatives there. And @Imran Khan gave me a lot of words of caution about property frauds in Pakistan. I still think that's long term safe bet.
2) Buy/Invest into some hotel business in northern Pakistan hilly areas. Again, don't know anyone there.
3) Start some kind of Savings account in Karachi and let it grow. I hear that interest rates are good in Pakistan. I hear one cousin is living off Rs. 2 Crore invested in a bank.
While life here has been good, America is not a country for the old if you are not rich. Plus the Motherland is often calling me back. No firm plans yet.
I know this is all over the place. But got to start somewhere.
Ideas?
Thanks in advance!
I would suggest you should invest your in some kind productive work such as agriculture (especially innovative methods like aquaculture, horticulture), smart farming, smart dairy, or invest in tech startups, manufacturing or innovative education etc.