Abdul Qayum Sb
Please do not talk about corruption without any proof. Niazi is in government and guilty or not guilty courts are following orders of GHQ but still no court has found any wrong doing and personal business dealings going back to 1972 have also been probed.
I am the first to be against any sort of corruption. I supported Niazi in politics when he was nobody in politics and did not even have one seat in NA. I supported Musharraf because he claimed there was corruption and he would make things better but now as I get older I am getting fed up with hearing the same lies told to rob us of our right to choose our leaders and to better our destiny, which they have been using to only enrich themselves whilst the poor public pays the price.
Rooting out corruption requires changes in laws, procedures and systems and not media trials. Those that have benefitted from the current system cannor be expected to change it. Niazi believes in propoganda, if you keep telling lies enough times then people will believe it is true, which seems to be the case with some people here.
As the saying goes, you fool me once shame on you, you fool me twice then shame on me.
Abdul Qayyum sb,
I have utmost respect for you and I am thankful of the contribution you being an overseas Pakistani making to our poor nation. Also understand your love and passion for the betterment of our nation, but do not gets your hope too high. This is all Musharraf Part-II now.
No matter how big chor Sharifs were, Khan's moral bankruptcy has no match. The kind of damage he has done to freedom and democracy of Pakistan is non-repairable.
Now you have Asad Umar saying that Pakistan didn't have to go to IMF and there were other options available. Then who forced IK to go to IMF? I am sure those non-democratic forces!!!!
اے ماں!
وہ پاکستان کو "کاری" کرکے ماریں گے
(ایک سندھی گیت سے ماخوز)
کیا کریں سر۔
دل تو یہ کرتا ہے کہ اگر صرف چند کرپٹ لوگوں کو دھر لیا جائے۔چاہے وہ نیازی کے ہوں یا غیر نیازی پھر بھی ٹھیک کچھ تو ملک آگے چلے۔کچھ تو ابتدا ہو!
بعد میں جب دوسرے آئیں گے وہ ان کو دھر لیں گے۔شاید یہی ہو گا اور ہونا چاہئے۔
آپ درست فر ما رہے ہیں کہ عمران وعدے پورے نہیں کر رہا لیکن کچھ تو اچھا ہو رہا ہے۔مثال کے طور پر ٹیکس بیس دگنا ہو گئی ہے۔کچھ لوگ تو ہماری طرح جیسی جیل کا مزہ چکھ رہے ہیں۔کچھ تو احساس ہو گا ان بڑوں کو کہ لوڈ شیڈنگ کیا ہوتی ہے۔
کتنی ڈھٹائئ سے زرداری کہ رہا ہے کہ رقم جھاڑیوں سے لے لیں؟
یار کچھ تو اچھا ہو اور میرے خیال سے اچھا ہو رہا یے۔اگرچہ بہت کم ہے۔
عمران چاھے انتقام میں ان کو جیل میں ڈال رہا ہے۔لیکن دل سے پو چھیں کیا یہ لوگ عزت کے قابل ہیں۔کیا یہ کٹہرے میں لانے کے قابل نہیں؟
اب اللہ کے لئے یہ مت کہیں کہ عدالتیں ثابت نہیں کر سکیں۔
یار کچھ تو امید پیدا ہو۔کچھ تو آگے چلے۔
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" کبھی تو صبح ترے لب سے ہو ظہور
کبھی تو شب سر کاکل سے مشک بار چلے"
Its a shame to see that zameen.com has property values in a foreign currency. The message is very clear "don't trust your rupee, we are the first to dump this currency yet we claim that we are the only patriotic website around. To serve pakistan"
in 2015 IMF was pressuring pakistan to sell its gold reserves for dollars. Plenty of news outlets covered the story. If we had done that, by June 2020 we would have lost half our assets.
Please don't follow in the footsteps of zameen.com the pied piper. Have faith in gold, and when the currency crisis is over, you would wish you had kept your property assets instead of buying dollar or pound or any other FIAT papers.
Top Right of Page (Mechanical Wheel) = Settings
Change Currency = You can select whichever currency from PKR, Lira to US, SAR, EU etc. in which you wanna see property listing
Its the default setup of an individual rather than fixed unit of currency to display!
PKR is going up fast and rumors are it will settle at around 140 or some say at 150. Appreciating rupee will discourage new foreign money flow into property sector. Overseas Pakistanis should keep a close watch and act accordingly.
Phir na kehna khabar na hoi.
This state is as official a casino as it could get right from the point of Wheat Suger to Currency to life-saving drugs.
Example:
-- Subsidized to Export Suger, Rebate to Import. For consumer prices goes in one direction only, i.e., upwards.
Currency Stuff!
USD fair value at 135 - 140 bracket!
After Hot Money stuff from State Bank (13+ percent rate offer architected by Baqir). Each inflew USD (import) grabbed more PKR. Now the USD cashed at 165+ with 13+ rate, its time to send out less PKR (export) to buy more USD.
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Hint: The amnesty was offered for real estate, once the money being whitewashed by the Power Elites. Now Real Estate agents being scrutinized for suspicious transactions!!
Yes, you read that right! no joke!
@Imtiaz,
I doubt if the guys in Govt are intelligent enough to depcreciate USD when bringing in for white washing and appreciate it back when taking it out.
I think USD decline is due to low demand in open market and interbank. Also, there is 500 Mn Usd IMF loan inflow. Also 2.5 BN $ raised through Eurobonds and 300 Mn $ approved by ADB for some energy project.
@Isloo1
According to a report from Fitch Solutions, USD will stabilize at 170+ during 2021.
ZA, I endorse and donot deny at all, the impacts of inflows via FDI, Loans, Bonds etc. Agreed!
My point, PKR value is maintained artificially. Much bigger trenches of loan inflew (IMF, ADB, SBP chase of Hot Money etc.) in 2019 PKR still kept crashing. No economic indicator suggested that much of fall. In 70 years (with 2 full blown wars) it was like 110 and 2 years it fell to 166. That's insane.
Brother currency manipulation (fabricated valuation) is no rocket science. Dar did it too in 2014, to drag that to under 100 and it backfired later on. Sustaining the value is the Rocket Science!
In simple words, though me not an economic expert, but as a layman, I am trying to say that SBP monetary policy and currency valuation is very dubious and manipulative!
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As the saying going: There Must be a Method in the Madness Too. There isn't any, here ...
Agreed. This is definitely not going to sustain.
@ZA, situation will be clear by June if PKR jumps to 140 or goes down to 170. It is highly speculative at the moment, and overseas Pakistani who plan to invest in real estate will take the most hit if not cautious.
Another hunch is that when corona-related travel restrictions are lifted, people will start carrying money home. This will bring worker's remittances down again.
So basically my message is that PROTECT your money, you are in a CASINO !!!
@Imtiaz, @Isloo1
I am an overseas Pakistani and Plan to invest 10m may be i n B17 or BE in my next visit , What is your advice.
Should I wait for Rupee and real estate market corrections...
The reason for rupee appreciation is release of IMF loans and sale of Eurobonds by Pak Government... Pakistan's foreign reserves have improved so PKR showed appreciation. There is no speculation at all going on with PKR.
I don't expect it to further appreciate, it'll probably stabilise or depreciate a bit.
Gents: Google around pls.
1. Loans and Inflows in 2019
2. SBP Pakistan
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1. For USD inflow
2. For Monetaray policy stability
@ZA, what's your preference, a residential plot or commercial option?
In case you are interested in a commercial property for steady rental income and good ROI in 2-3 years then I can suggest one in BE that will be handed over in 1 year with payment plan for 2+ years.
Plz email me at isloo001@yahoo.com
I still remember one of our senior group member predict last year july August that in December 20 20 dollars vs rupee will be 185. And luckily that’s not happen. Better to be always positive.
@Shaeer
Economy is not stable. With negative growth and mounting debt it can take us to new lows. So the best for us, the real estate investors, is to play safe and warn each other to the best of our knowledge. This is what I consider as 'positive'.
@isloo1
I am interested in residencial plot with possession. At the moment nothing off plan.
But thanks for your advice on rupee valuation.
@isloo1
Every country on the planet has negative growth due to corona-related impact. Pakistan is still faring much better due to friendly government policies. Although Pak gov has quite some debt, I believe our tax net and collection is also increasing... So we'll be able to pay off debts and have funding for other projects.
Do note, government policies are very investor and construction-friendly right now. There has never been a better time for investing... Government relief will be gone eventually (whether it is next year or the year after that) so make full use of it.
@ZA, in that case, BE might be a good choice as the prices have not seen any major jump recently and development and housing is in advanced stages. PKR has appreciated almost 9% from its bottom (168). We don’t know where it will settle. Waiting till June (new budget) will definitely unfold realities. So you can wait till then. But do start homework. Contact some local dealers and start exploring options within your budget.