Dollars Vs RealEstate

please don’t mislead the people and waste their hard earned money to the hands of convicted criminals.

Here is his achievement in the past and trick to keep dolor in control for laundering out of Pakistan at low rates.

Apki marzai hey bhai, koi zore zabardasti to nahin. If you don’t want to encash your dollars that’s your choice.

My opinion is unbiased and based on these facts that… despite dollar getting historically strong in international market (1 USD to 1.08 GBP and 0.96 Euro), in Pakistan, its recent hype was mainly due to speculation by big sharks including banks. With the return of Dar, as he’s known for anti-devaluation, the speculators are hurriedly dumping their dollars, thus bringing it down and if the trend continues, it is expected to go below its actual value (200). Even at 200, it makes 20% difference from 240 level, which is huge for overseas investors.

Your turn now, what’s your unbiased and serious analysis?

Rupee maintains its winning streak, touches 229 level

My projection is that it will come way below 200. All of this is without any govt intervention. Proves that dollar hype was hoarders’ and speculators’ doing.

The next is inflation, that too is manipulated by “gamers”.

I have a better plan.

If this time it comes below 200, will sell couple of more properties and buy dollars :slight_smile: learning from Sharifs

@sohail.ahmed1, Suite yourself.

So if PKR strengthens against USD ( i can see double top forming in charts), how will real estate market react?

Strengthened PKR alone won’t help much. For real estate market to recover, govt has to relax exorbitant taxes and the new wealth tax guised in “deemed income”. These measures have pushed average investor to trade in “vapor-ware” called “files”, instead of plots and houses.

Punjab govt has just reduced stamp duty by half. Let’s hope new finance minister also relaxes these taxes.

in Pakistan how did the housing market react to the 2008 market crash ?

There was almost no effect on Pakistani property market. In fact, it benefitted in the following years after many Pakistani investors who had lost billions in Dubai real estate in 2008-09 turned towards home.

Pakistanis make third largest investors of Dubai RE with $10.6 bn after Indians ($29.8bn) and Brits ($14.7 bn). So any slightest shake in UAE market, whether it is slow down as happened in past few years, or a full scale bust, it is bound to bring capital back and injected into local market.

Our RE market has been exhausted after 2020-21 boom owing to amnesty and construction package incentives. Billions of dollars of black money went into building projects causing their mushroom growth. This oversupply will be slowly digested by the market in next couple of years.

To add insult to injury, govt has slapped huge taxes on RE trade this year. So market’s recovery period might be extended a bit more.

thank you for your detailed reply. During that time the PKR might drop more in value against the Dollar?

Re

we should stop living in fools paradise and start acting realistic,

Pakistan is a consumption-based economy, relying on imports of even basic commodities and their main source of foreign exchanges is overseas Pakistanis sending more then what it gets from overall exports.

Dar etc can make you all fool around but reality is PKR will further devalue by each month and year passes if remains under same economic conditions, unless some solid steps taken nothing gonna changed.

From Dar with love !

Get ready to sell your properties Sohail.

Journey to progress continues…

Another day on the road to recovery …

give this great credit also to Dar since he is portraiting achievement of dollar fixing by manupilation.

موڈیزکو چھوڑو، آپ اپنے پلاٹ بیچنے کی تیاری کرو۔ 200 کا ڈالر اب زیادہ دور نہیں ہے۔ یہ نہ ہو کہ کوئی خریدار ہی نہ ملے۔

Csci

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