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Investor
( 163 posts )

[1183 Replies]
Pakistani rupee value is doing a nose dive and currency value has depreciated 30% compared to british pounds since 2017.

I bought 2 plots back in 2015 in bahria town. Even though the price of plots have gone up by 10% each year, the value of currency however depreciated and the investment is completely worthless.

Anyone seeing anything positive coming out of pakistan's economy in the next few years?

    288 days ago In Where to Buy
    Post Reply
    Imtiaz
    (1241 posts)
    Never a Purchase 30 - 35 yrs back, its claimed to be a Gift transferred on **June 11, 2005**.

    - Its not about Sale/Purchase Taxation (CGT + CVT etc.). Its about 103k/anum Tax for minimal 8 categories of diversified assets (agricultural land, apartment, foreign accounts, etc.).

    Even from CGT, CVT etc. perspective:

    ** Fake NOC
    - "Imran Khan, was not the owner of Banigala land in 2003, Islamabad’s revenue record and Jemima Khan’s affidavit have confirmed, thus proving that a no-objection certificate (NOC) submitted before the Supreme Court by Imran was fake."

    ** Gifted Land (as per claim)
    - "According to revenue documents available with this correspondent, the Banigala land was transferred in Imran’s name only on June 11, 2005. Imran’s former wife Jemima Khan herself confirmed through a power of attorney on September 21, 2004 that the said land belonged to her and she wanted to transfer the same in Imran’s name"

    ** CDA Legality:
    - "The Capital Development Authority (CDA) had declared the construction of the PTI chairman's house illegal in a hearing on May 9, 2017."

    ---------------
    https://www.thenews.com.pk/print/287794-imran-did-not-own-banigala-land-in-2003
      62 days ago 

      Abdul Qayyum
      (2021 posts)
      No one is saying Imran is or has been a saint or a maoulvee.
      If he is a tax evader, FBR must arrest him.
      The point here is looting the country and take it outside whatever you get hold of it.
      In Pakistan everybody is a tax evader. No one wants to pay taxes including most of us doing brainy business here?
      Tax versus gross loot two different things.
      If Imran takes country out of this turmoil, he deserves our gratitude to him even being tax evader.
      If we blame him on taxes, we must see our tax payments before pointing finger on him.
      So far his intension is established first time in Pak history.
      New property laws are in the best of Pak economy....why critics are dead silent on this good decision?
      Other good steps are in the making .....if looters do not get him down on the strength of their looted money piles!

        62 days ago 

        Sohail Khan
        (176 posts)
        Imtiaz sb,

        Please it was not for sake of political argument, take out IK and add someone else, but it was really curious to know as what tax returns one needs to pay in such cases.
          62 days ago 

          Imtiaz
          (1241 posts)
          Sir, even with a least bit of common sense, I would look up to the guy and his credentials, when I receive lecturing on Tax Evasion on State Media... Isn't that the standard procedure?

          How could we talk about Taxation and calculate a fair value when for example 305 K in BG, transferred in 2005 is valued at 1 crore 10 lac? About 36k/Kanal - never makes any sense or any accurate calculation.

          Rest I think technicalities and calculations for Commoner is quite clear and being discussed at length in 'Budget 2019 thread'

          -----
          Aleema Khan and Niazi Services as Offshors is a broad daylight example of 'taking it outside'

          Niazi Services

          * Imran Khan avoided taxes via offshore company: German journalist
          https://www.dawn.com/news/1348962

          * For the record, Imran Khan dodged taxes too using offshore firm
          https://tribune.com.pk/story/1471665/record-imran-khan-dodged-taxes-using-offshore-firm-german-journalist/

          * Niazi Services Limited News
          https://tribune.com.pk/niazi-services-limited/

            62 days ago 

            Isloo1
            (562 posts)
            Ahha, so our Zameen Admin is actually a living person, determined to discipline us. I always thought they had deployed a robot just to kill my posts....:)

            Cheers.
              62 days ago 

              Sohail Khan
              (176 posts)
              Sir, same thing as AQ sb said, let the system start somewhere,

              "he did bad also so why catching me only" approach is the only debate currently.

              every one should be answerable for his own actions but its not the justification that why asking me the others are also doing it.
                62 days ago 

                Imtiaz
                (1241 posts)
                Sir request is simple:

                - Put all thieves behind bars and recover each penny from their skins, start from N & Z!

                But...

                - *Power Elite Pay their Taxes* before getting their lifestyles/assets being *subsidized by the common man* of this country

                Given you detailed examples, with evidences...

                Is that any unfair demand?

                ------
                "he did bad also so why catching me only" approach is the only debate currently.

                With due respect, No

                The debate is:
                They get a bench of their choice in the SC. Me and you cant even get a choice for extending a day of Due Date for Utility Bills and for that sake unlimited taxes collected from us on each single day...


                Each one at top evading it in broad day light, while putting increased taxed on infant Milk... does that system even makes a damn sense...?
                  62 days ago 

                  Sohail Khan
                  (176 posts)
                  Not unfair,
                  But Helicopter ride investigation to be deferred for time being to first finish with the mega million corruption or you think the priority should be helicopter ride first.
                    62 days ago 

                    Imtiaz
                    (1241 posts)
                    I am simply talking about:

                    - Each one paying their Due Tax

                    - Weaker not subsidizing the Elite - simple as that sir!!

                    Is that hard for our PM to implement it from himself as one prime example...?

                    Discussion is Fair Taxation, to begin with are our rulers!!

                    ----
                    The day that is done or not, I am still with you on getting N & Z first, before moving on but not on the very foundations of hypocrisy.
                      62 days ago 

                      Imtiaz
                      (1241 posts)
                      My dears' Messiah fakes the NOC, termed as Saviour

                      People highlighting and protesting that, termed as Patwari

                      National dictationary needing a serious revise as per suitability of the Naya PAK...
                        62 days ago 

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