I need advise from senior member if it is a wise move to invest in Islamabad. Now I have $40000 cash Canada because the rupee is now at 89 while it was up to 100 a month or so back meaning. I will be short about 4-5 lac if I change the currency now to invest. What you guys say? Should I wait or is there any schemes at the moment to invest in for good future profit? I am thinking of leaving my money locked in for about 10 years so what would you guys recommend is the best place to invest. I can increase my budget to about 50 maximum. What do you guys recommend?
I will not recommend you to invest in pakistan.this my opinion.
@Khurshid
Would you pls elaborate more that why one should not invest in Pakistan?
If I were you, I would like to wait until prices adjusted to rising Rupee to Dollar. If this is not happening then this is complete loss.
If prices in Islamabad are not coming down will decrease foreign currency investment.
@ Farhad u should invest right now as ruppee would gain further and you will be on the losing side if you wait and u can gain if u you invest at this time...zone 2 is a good option!!!!
Regards
Appcake I’m sorry to say pakistan is in the hand off corrupt mafia.yhey are playing with ours overseas,s money.ishaq dar mafia is playing with dollar.dollar has come artificially down.if he sellshis dollar and invest in pakistan sure he will not gain in next three or five years sure.he can make with this Canadian dollar good return if he is thinking of investment in canada.so investment is pakistan is not safe.pakistan need more stability which may be a dream in next couple of years.so away from pakstan.
Oki
Ishaq dolar is playing with dollars.so keep your money away from pakistan.
@khurshid will you please elaborate your statement “dolar is playing with dollars.so keep your money away from pakistan” so people like me having less knowledge of foreign currency can understand it well. Thnx
Ishaq dar is famouse for ishaq dollar
Cheers
I’ll suggest not to invest into Pakistan real estate now. PKR is fine but not CAD.
You should/must invest in zone 2, MPCHS is launching F block in B-17 soon, it is on the cards, on installments.
Whatever the Government is doing, will not affect the Real Estate market of Islamabad at any cost.
Rates will be stable, can not come down in ready possession areas, files may depreciate.
Invest with your eyes shut. The Canadian property market Is very toppy amd and the dow and nasdaq across the border will start correcting in the coming months. You can either buy metals from kitco and stash under your mattre or invest for 3 years in Pak property. Your return will be 50 percent conservatively speaking and currency depreciation will not be that much.
Agreed that corruption is one of the factors that are hindering the way of progress and prosperity in Pakistan. But in spite of all these problems if you invest in Pakistan in a good society where development are in progress I bet you can gain. Lots of people are gaining good amount of profit by investing in good branded societies. I personally invested in one the good society in islamabad in August 2013 and now value of my assets is doubled. No business except black can get profit like this. I am talking about ground realities not a mere guess work. So invest in Pakistan in a good project you will not repent insha Allah.
While nothing is guaranteed, my experience so far is that if you invest long term in Pak real estate you will ultimately be better off despite PKR depreciation. Make sure you invest in well reputed societies/developments, chances are your CAD will do better in Pak real estate than in Canadian banks.
When we can expect USD to rise compare to PKR, ??? any educated guess…i think it will take atleast 8-10 months to year to be at 106