Dollars Vs RealEstate

@isloo1 , let’s not litter this thread and move to the thread dedicated for this BS.

In fact what ever you are writing and posting above is all BS and irrelevant.

Despite IMF release and Saudi extend his deposits for additional one year and all the remittances the government is so Chor, incompetent and fake , that dolor crossed 240 mark now…

Perpetrators Rounded up !

Pakistan’s economic downfall was fabricated with carefully planted landmines and then a kamikaze style final attack just at the eve of signing of IMF agreement.

Those who tried to derail the economy and worked hard to push Pakistan into default have been exposed and rounded up. They should be tried and punished for their misdeed along with their “ringleader”.

Alhamdolillah, Pakistan’s economy is in safe hands now.

Good job, Miftah !

Miftah… now listen to you or to your leader.

Dollar is Down !

As Ishaq Dar leaves for Luton Airport this morning, dollar has nose dived in Pakistan and lost more than 4 rupees. Speculators who have been hoarding dollars are hectically dumping it before it is too late for them.

ظالمو، مُنشی آ رہا ہے۔

Final Call

It’s the last call before PKR train leaves the station. Convert your dollars now to benefit from the best conversion rate as rupee will undergo massive appreciation to settle around 180, I believe.

Particularly those, who have been waiting for the best exchange rate should act now or stay quiet forever !

I am sure you are sharing this as a funny news…
He would have shared this magic trick to Miftah over the phone rather waiting for his own return. :slight_smile:

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