Since you have landed on this blog, we’re assuming you are either looking for money making tips on how to convert a million into a crore or, you’re simply looking for ways to convert currency values to the Indian numbering system — into lakh, crore and arab. For your convenience, we will address both scenarios in this piece.
Currency Value Conversion
Substantial confusion exists when it comes to different numbering systems. This can be particularly irksome for investors or buyers trying to convert currency values. How much is a crore? How much is a 100 million? How much is 1,000,000? This can be really confusing for people, particularly overseas Pakistanis, who have to convert a foreign currency into Pakistani Rupees (PKR) and, at the same time, develop an understanding of what is meant by crore. Is crore a million or a billion?. To assist you with the process, here’s a table on how you can convert Pakistani currency values into International values, along with numerals.
As you can see in this infograph, one hundred thousand i.e. 100,000 = 1 lakh and one million i.e. 1,000,000 = 10 lakh. While ten million i.e. 10,000,000 = 1 crore. Now, when you need to convert English numbers into Urdu ones, you don’t really have to do the math in your head to find out that 20 million is 2 crore, or if 500,000 translates to five lakh (or five hundred thousand), and that 30 crore equals 300 million in words or 300,000,000 in numbers.
This can be better understood if we look at it from the perspective of prices of property, since that is where the problem generally arises: Take an example of a house that costs 2 crore and 55 lakh Pakistani Rupees (PKR). Translated into English, this will be PKR 25.5 million; and in numerals, it will be PKR 25,500,000.
Consider another plot that costs PKR 3,500,000. Convert it into the English numeral system, it will be 3.5 million, but when converted into Urdu, it will be PKR 35 lakh.
Finally, an apartment that costs PKR 5.7 million. When converted in Urdu, it will amount to PKR 57 lakh and when converted into numerals, it will be PKR 5,700,000.
Another helpful way to understand all this would be the placement of separators (usually a comma). In the International numbering system, the separators are placed after every three digits from the right, and so the currency value changes after a thousand. For example, a million is a thousand thousand; a billion is a thousand million, and a trillion is a thousand billion.
In the Urdu numbering system, the separators occur after every two digits. So, a thousand is hazar; a hundred hazar is a lakh; a hundred lakh a crore; and, a hundred crore is an arab. So, a million in urdu is das lakh, a billion in urdu is arab i.e. 1 billion equals to 1 arab and 1 million Pakistani rupees is equals to 10 lakh.
While we have given tables and examples above, Zameen.com makes it incredibly easy for you to convert numbers. In fact, you don’t even have to make the effort, as the website itself translates the given price from numbers into their English and Urdu terminologies.
Not only that, it also gives you the price in several foreign currencies too, including Canadian Dollars, Saudi Riyals, UAE Dirhams, Great Britain Pounds Sterling and US Dollars. All you have to do is take your cursor to the price as shown in the image below for Lahore’s property listings:
So, if you are looking to convert prices of property, Zameen.com has you covered! But if you are searching for money-making tips on how to convert million into a crore then take a look at the options discussed below:
Money-making Tips On How To Convert Million Into a Crore
If you want to maximize profits and convert million into a crore, there are quite a few options to consider:
If you have invested in a property that has a renowned developer, boasts a prime location and shows promise in terms of ROIs, it is quite likely that the prices will see an upward trend. Land appreciates (quite) quickly in Pakistan and there are plenty of projects to invest in that can yield higher returns. For instance, look out for plots up for sale in Naval Anchorage Gwadar. They are available at very reasonable rates and their prices will increase once the China–Pakistan Economic Corridor – CPEC projects are complete.
Online freelance services
There are many opportunities to explore if you’re looking to earn online. If you are a graphic designer, a writer or a professional you can easily find many online freelance opportunities where you can make money while sitting in the comfort of your home. You can also start your own website and earn money through Google ads – but that will happen once you generate enough traffic on your website.
Any kind of commercial property that you have can be converted into a business; be it a shop, factory or warehouse, as long as it is not being used for any commercial activity. It is time you make the most use of the commercial property you bought a few years ago. In case, you do not have any commercial property you can buy a shop in Clifton – which is a business hub in Karachi or you can explore options in buying a factory in Korangi Industrial Area, which is an industrial hub of the city.
Auto spare parts
As people do not always buy brand new cars, they are looking for auto spare parts for their automobiles. You can make huge profits out of this business.
Opening up a restaurant is one such business that will surely convert your million into a crore. While there are restaurants present in every nook and cranny of the country, there is always an increasing demand for more. Open up a burger joint, biryani centre or even a shawarma stall selling falafel and shawarmas and you will see reaping profits in no time.
Re-selling luxury cars
So, if you have a few million rupees lying around, invest in cars, especially in the business of selling used cars. The time is ripe. Imports of used cars, including minivans, witnessed a 70 percent increase, according to a 2018 Dawn news report on the auto industry of Pakistan. Buying and selling of luxury cars will surely give you higher profits.
Investing in equity markets in mutual funds usually gives a return of 15% annually, if we take an average. Therefore, people also invest in shares and mutual funds to earn better returns.
These were a few money-making tips to convert million to a crore. For more updates related to lifestyle, property and real estate trends, stay tuned to the best real estate blog in Pakistan.