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Property valuation

Published Mar 20, 2017 07:05am

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THE National Assembly Standing Committee on Finance, the FBR, political parties and stakeholders are all embroiled in a heated debate to resolve the anomalies in property valuation rates across the country.

As a result of this tug-of-war, the local investor is transferring his wealth abroad, the expatriate Pakistani is not sending in remittances and the State Bank’s foreign currency reserves are dwindling.

Owing to the acute housing shortage in the country, everyone wants to buy a flat or plot to build a house but they are deterred by the rising taxes on sale and purchase of property.

The authorities concerned should make investor-friendly policies so that Pakistanis bring their wealth from abroad back to the country.

Asif Jah

Karachi

Published in Dawn, March 20th, 2017


Comments (3) Closed



khaled Mar 20, 2017 08:11am

Sale and purchase of plots/files without adding any value to it , cannot be termed as investment, it is hoarding of assets, and the needy are exploited by manipulating the prices by the so called investors. As far as ' authorities concerned' they are themselves involved in this racket.so what can we expect of them?

Mujahid hussain Mar 20, 2017 10:03am

Govt itself is corrupt, who will think about common public problem.

Peetamber Luhana Mar 21, 2017 04:50am

Pakistan should make tough Banami property laws and enforce them. Property market in Pakistan is heavily influenced by speculation which effects common man the most.