Property Valuation Rates Slashed: What It Means for the Real Estate Market Just before the upcoming general elections, the federal government made a surprising move by cutting property valuation rates by as much as 57% in six major cities of Pakistan. This decision has sparked a lot of discussions among real estate stakeholders as it seems to partially reverse earlier policies aimed at tackling the issues of black money in the property sector. Originally, the Federal Board of Revenue (FBR) had intended to increase property valuations by 25% to 30% to align them more closely with market prices. However, recent ...

PSX's Strategic Shift: What You Need to Know The Pakistan Stock Exchange (PSX) recently made headlines with a significant decision during the quarter that ended on December 31, 2017. After experiencing a downturn, where profits turned into losses, the board announced plans to separate its real estate assets from its core operations. Why does this matter? Let’s dive in! PSX's board approved the demerger in an effort to streamline operations and boost net earnings. According to PSX Company Secretary Muhammad Rafique Umer, the separation will create a new entity focused solely on real estate. This means that existing shareholders of ...

Real Estate Trends in Major Pakistani Cities: A 2018 Overview As we stepped into 2018, the real estate landscape in Pakistan's major cities—Lahore, Islamabad, Karachi, and Gujranwala—remained surprisingly resilient. Despite the various challenges posed by a new tax regime that seemed to scare off many investors, the prices held steady, thanks largely to genuine buyers looking to make long-term investments. Lahore Market Insights In Lahore, particularly in the DHA (Defence Housing Authority) Phases I-VI, we saw a notable uptick in property values. The price of 10-marla plots jumped by 4.24%, while 1-kanal plots experienced a 4.74% increase. This growth was ...

KARACHI: Have you ever heard the saying, "Don't put all your eggs in one basket"? Warren Buffett, one of the most successful investors in the world, emphasizes this point. He believes diversifying your income streams through smart investments is crucial. Considering how rapidly the global economy is changing, today’s financial landscape offers various exciting investment opportunities. Enter the world of cryptocurrencies. A few years back, this term might have been foreign to many, but now it’s at the forefront of investments. It's not just cryptocurrencies that have gained traction; the average person today is more eager to dive into various ...

PHOTO COURTESY: EIGHTEEN DUBAI: On March 30, 2018, Eighteen celebrated an exciting milestone by hosting a launch event at the luxurious Armani Hotel, located in the iconic Burj Khalifa. This event brought together overseas Pakistanis and local business communities from the UAE, creating a vibrant atmosphere of networking and opportunity. The chairperson of Ora Developers, Naguib Sawiris, expressed his enthusiasm about the Eighteen project, stating that it promises to reshape the landscape of real estate in Pakistan. With a commitment to excellence, he noted, “Eighteen will revolutionise real estate projects in Pakistan. Together with our esteemed partners, we are ...

LAHORE: The real estate market of all major cities of Pakistan showed modest growth in February, with hope that prices would strengthen even as elections approach later this year.Last year’s bearish trends still affected buying, as growth was moderate, and no society stood out drastically, revealed a report of an online property portal.“However, the moderate growth and buying trends indicated that investors are returning to the market after last year’s calmness,” stated Zameen.com. All four major cities - Lahore, Islamabad, Karachi, and Gujranwala - experienced moderate changes and stability. Projects by big-name developers performed well in all four ...