Business In Lahore

Buying Property Investors Advice
#61

BR Malik - Thank You for your input and sharing your life experience and your advice. I agree with you that people from professional background does not think in a way business person does. And having a business is always a fascinating idea for them which most of the time we both know actually turn into loss. And also being in profession long time makes you much of a less risk taker with time. I highly suggest one should start the business, if he is from business family or has business background, else better to just do investment in real estate or other businesses.

As you mentioned, Innovative ideas. That is exactly this thread is all about, i believe instead of a single man, a team of people can brain storm and come up with innovative ideas. Also you would be surprised to know that i actually have received emails where people are sharing experiences.

Also, you are spot on when it comes to halaal income. I have a opinion and i could be wrong. I think Pak is a country there is no such thing as law and order. There is simply "jungle ka qaanoon".

Even if we buy & sell plots, still when it comes to show our income for purpose of income taxes and paying tax, do we really show accurate info and give accurate tax? does it make it halal or haraam? especially when knowing your tax money would go in corrupts leader pockets. Or just to even save tax for personal gains. Should i give the same money to some poor person instead of government? because as soon as tax officer would know, i have money, he will come after me for more.

I can not simply even get a birth certificate without a agent\bribe however you put it. Does it make it haraam? because that is unspoken law of the land. You pay government service fee plus the service fee of the person who is providing you service or the certificate?

For me when you say haraam, i consider it lieing and cheating in order to sell your product or services. Or you show some other product and deliver something else. Things sort of that nature...

Dealing with government is completely different ball game and i am not sure if i can see that from similar perspective. Thief comes in simple clothes or under the uniform of government, he will take money from your, you can name it anything bribe, protection money, service fee, etc.

i hope you are getting my drift here.

M.B. Ali - what should one do? should we stop doing business or work because we know that we will have to bribe?

#63

Folks!!

For a construction business in Lahore what are the prevailing per sq.foot construction rates on average (A-class contruction in DHA e.g.)...

If one is doing it on a Labour Rate basis only (managing procurement himself).

Is it around 2000 per sft or it is above that ?

#64

SORRY FOR SOME IRRELEVANT STUF,,,,,,,,unfortunately majority of the taxes in our country are indirect,

Direct taxes 3.5% og gdp

Indirect taxes 6.4% of gdp

and we know that indirect taxes are paid in equal amount from president to peon, and from a billionaire to a beggar the the percentage is the same,

direct taxes which are less than half of indirect taxes are paid by 1 % Pakistanis i.e 1.6 -1.7 million ppl out of 200 million,

and now out of this 1.6 million tax payers almost a million will be salaried persons ,

.6 million non salaried ppl [ buisness etc],

very strange is that in first 100 top direct tax payers ppl there is not a single lawmaker,,meaning ,,??

politicians pay no taxes ,if they even pay something ,that is again taken from treasury by their slaves and the slaves give it back to treasury as with the politician name tag attached to it, in this whole process the politician will be busy in a club in Europe,[simply will not be knowing what the slave has done]

regarding .6 million business ppl etc , they pay the taxes ,but majority will put the cycle of burden on poor via indirectly taking concessions from government , and also increasing price tags [unjustified] on their business products ,, so recovering it back from poor ,

now tell me who pays the taxes , ???

who pays for the perks of lawmakers ???

who pays for president and pm luxuries??

who pays for the salaries pf salaried class???

ANSWER

the poor masses ,who hardly make it end time meal ,and even the beggars on our streets pay for the perks of these elites,,

BUT,,,, the biggest irony in our country is that the poor look at these[ super poor] for change and prosperity,,

HOW CAN BEGGAR CHANGE THE SITUATION OF ANOTHER BEGGAR,???

#65

I am mentioning Haraam as telling lies, cheating, selling under quality items or services, even wrong advertisements, giving money to govt people for winning business, stealing electricity or gas to multiply profits etc etc.

Taxes is a debatable topic which I can discuss but discussion would be long.

I went deep into many businesses. Discussed a lot of options as I have been in business since 1997 and from business family. But when I go deep down, engine of profit seems to be haraam in many many businesses.

Its not that all businesses were haraam but I had medical problems and couldn't do that. One of it is School in my view.

One should keep options open.

#66

One should not post here if person have 3 , 4 crore in hand :slight_smile: second do not make a business partner from here , third its healthy amount no need to feel greedy for more as you earned and mature you know it already what you can do , and business can not run in overnight , it requires interest and grip entrepreneurial guts :slight_smile: , now best advice : enter in property as investor not as proper business or property dealer as amount is 3, 4 crore and u remained abroad . As i understood you have home here already , and 3, 4 crore in hand . Divide your amount . First keep 1 crore safe as balance , in savings, current account up to you , national savings . From 3 crore buy one asset of 2 crore a used home , shop , plaza , put that on rent , from remaining one buy a 10 marla in dha phase 8 and a kanal in nfc phase 2 . U can change it if your home expenses are more than 2 lac because from savings and assets u can earn 2 lac pm max .

#67

And business things it depends idea , creativity , old business tools and things do not shine here even in 2 crore , one can make hotel in 15 lac in oman but here you need to decorate it in crore .

#68

One thing i know every rich person invested in assets not liabilities …

#69

After lot of brainstorming i think yes you should buy agriculture land at least a farm house over 4-6 acre , don’t know much about grapes orchards but do know grapes are sour , but a dairy farm plus livestock is good business. Plus love to nature always make u feel better . Other things u can do is IT related software house , marketing of IT bla bla

#70

@zain because people like you from acca ,commerce, b.a etc started working in

IT every good coder is b.a , every commerce student is holder of cisco , huawei certifications doing networking job , every dae in electronic here manger in microcontroller things and embedded systems etc , therefore most Computer Engineers who followed tough engineering courses for four years are jobless for years because most companies hire person with hand on experience or with practical things and that fresh engineers became rusty with time because for job you need experience and for experience you need job . :)

#71

I do not know how wise it is to study 40 subjects theoretically in 4 years instead of doing few courses in a two year . I do not know why mbbs dr still posses weird attitude towards patients and do not even tell self care things to patient to avoid major diseased and i do not know with every person patient here why drs do not spread avoiding diseases words instead of just prescriptions

#72

Every person who is taking single penny from bank is doing haram from pure definition because money came from banks ,islamic banking is haram an acceptance of capitalism ( jews law) with good name, saudia accepted capitalism , fueling israeli jets , old folks talking about halal haram , anything beside integrity even thinking is worst than haram and cancer for society . Islamic system was total different and even major muslim countries do not follow yet individuals try to do. Whatever jews , atheist thing are haram , i do not know when muslim stop becoming double face . Everything is haram that is ethically bad for society , by name one can not make sure u r living in islamic country , but yes culture , religion matters , u r doing right , else many pakistani girls are now married with white americans no matter they are atheist , catholic or jew,zionist

#73

Shah- Thanks for your input. I am researching and looking at feasibility of dairy farm. As far as IT is concerned there is allot we have discussed, we haven't come across any innovative idea yet. There was a point I thought why not manufacture surveillance drones for police, security, traffic, etc. But then i guessed, soon Chinese version will outpace it :)

B R Malik - I respect your opinion, trust me your other points such as bribe are debatable too and each of them will need long discussion.

Rizk is fixed and you will get it, no matter what. Regardless whether you choose to go halal way or haraam. Simple! just do not cheat your customer or vendors.I also belong to a business family :)

#74

Right now i am looking for a job or internship in IT . Anyone can help me out :slight_smile: property trends is my interest :slight_smile: a volunteer services only for lahore :slight_smile: yes people already hate word drone here , but improving trafficking system by either automatic no plate recognition system for cars ,parking security ,limited access to certain places , border crossing security is must

#75

Nfc phase 2 5 marla , best block h , finest location . Demand 14.50 cost of land . 75k development charges paid , 15.25 few k’s u will require extra for transfer etc . Good investment opportunity . Any one interested . .

#76

Well,a lot of good ideas bein discussed here but i think the word "innovative" was missing in most of them although they are good workable ideas for many and probably,not so practical for others.

Check out this web site for a few ideas for small business also if it hasn't been mentioned earlier.

Http://www.smeda.org

A friend of mine has recently started out a bakery chain which seems like a good idea.

Idea doesn't have to be a new one totally,one can always with right determination change something that's in common practice into something new and innovative.

Like food for example, you see a lot of donner units popped up recently in major big cities so why not be the whole seller of donner for instance.In this way you can set up mass production unit and at the same time help many in being self sufficient.

Become mass producer of organic fruits and vegetables,herbes.

Clothing : you see a lot of big Pakistani brands and can have a franchise of either one of them.Even better if you can get hold of some big western brand like Louis Vituon,Boss,Roberto cavali etc in any big city like Lahore or Islamabad.

Housing : Pick either one of the things involved in house building and then work hard to make a living and not the least,name out of it e.g, awareness about good insulation and providing affordable and sustainable insulating solutions in house building to the consumers having some know how and insight about that.I personally,consider it as a must when building house in Pakistan specially in plain area with low attitude.

As most of members suggested earlier that being an investor in real estate is also a raltively secure option and that's the reason that a lot overseas Pakistanis are involved in it.

At last,i wud say that beside idea,investment,hard work....honesty is the key element.

Know and come across a lot of people who get really lucky in their pursuit to establishing a successful business but after a while or from the point they start getting big buck then they stop being honest,abandon their devotion and passion which lead them to that peak in the first place.That is what we as a society need to learn and try to provide what we expect from others to offer us.Give us exactly what we are paying for.

Hope that my little contribution wudnt go in vain :)

#77

Dear Sir,

I study the proposals by our friends, mine are few if you consider these appropriate. My personal life experiences also includes. These are follows:-

I did business almost 10 yrs back, however, due to non- congenial environment and lack of honesty. I left that business. Thanx God I have good education so i got a job abroad and since doing job.

In our country very difficult to continue business in the absence of near relative or near acquaintance are in Police, Bureaucracy or in Army. Any how, one can consider the following options for doing business :-

1st option is to build small houses in reasonable locality but always select small houses 3-5 marla max. Always start this and every business at a very low level. In that way you find the pros and cons by yourself and chances of risk would be reduced. Furthermore, in this business, you can contact with HBFC or banks for the potential buyers if they can pay little amount and the remaining would be by the bank as they are paying rent of the house. But remember this is very difficult business, but a very good profit and also less risk factors. But always go for safe areas of the city.Difficulty is dealing with labour and taking work from them.

Secondly starting a school, purchase a building at good vicinity and you can start business. The key for this, you need patience. Once established you would get good gains. But please consider a percentage of low/poor students God will help you as well. The rent side is a very big pressure in this business, if u have your own building, the pressure is lower at you. Many Ideas for this you can get for running this. But sorry to say this is treated as business in our country which should not be.

Third Option you can get is to find a good "ADAA" shop in a major market of the city of the business you like. Risk factors are low and big manufacturers supply goods to you.

Fourth Option is you may open/establish a departmental store having idea of all fresh food items, like Fruits, vegetables and fresh meat, chicken etc along with other commodities. All the good comapanies put their commodities without advance. Its a good business, important thing is to select the management and place of business. A good survey, would help you the best.

Another business relates to energy sector like Solar supply or alternate means of energy. Find out the items that relates to energy sector. In present scenario its a good business.

Finally in my opinion, never ever rely on any body in money matters.Always do at your own. Never go to manufacturing business.

This is my personal opinion maybe i am wrong.But the experience i got at market of the country teaches me all that.

Thanx and Regards.

#78

What an excellent discussion this is - hats off to Arif sb. My take is that one should get into a business which has all three of following traits:

  1. One enjoys doing it.

  2. One can be number 1 or 2 in it in that particular region.

  3. It drives revenue engine and generates profits.

Being an Electrical Engineer with experience of setting up two software development companies in the UK and one manufacturing unit in Pakistan, I think we are living in a world of uncertainty whether we are based in first world countries or in Pakistan. Looking for my fourth venture, I have explored many options with a friend in the same situation that Arif sb is. Following ideas from our research goes well with Arif sb's profile:

  1. Offering customized eLearning content to schools, colleges & universities while retaining control of the Learning Management System. You can add courses by buying them from third parties in the UK or US.

  2. Offer professional training services e.g. ITIL. PMP, PRINCE2, MoV, EVM etc in Pakistan by becoming affiliates of the service providers. The potential for such services is untapped and has promising future. You can bolt-on an office in Dubai for offering the same services and traveling when needed.

  3. Offering a specialized match-making property portal targeted at expatriates. It is different from what Zameen is doing and has a potential to be launched as an IPO within 3-5 years. Can't give more details here.

  4. Franchising schools from Beacon House, City School, Allied Schools etc.

I will be looking forward to have more ideas as this brainstorming will help everyone in this boat.

#79

Dears, What about opening service station. Very low investment. Even if you take 5 or 10 marla commercial on rental basis., still it will give you returns.

We are talking about investment under 10 lacs (Rental Plot). Gains around 1-1.5 lacs per month.

#80

Buy an industrial plot in gwadar , and spend some more years abroad and look there what u can bring back in pakistan

#81

@Moiz - Gain of 1.5 lac over 10 lac investment sounds very unrealistic to me. Can you give more details there?

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