What is better, keeping USD or buying real estate in Pakistan?
Given the currency devaluation, how about investing in real estate outside Pakistan instead?
I tried to answer the same on the very first page/post of this thread. There could not be a black and white answer to a grey area.
1. Real Estate: When market is slow or stagnant (as of now), that becomes ideal time to buy.
2. Foreign Cash Reserves: When local currency is on a free float exchange and economy is deteriorating, of-course foreign cash reserves for an individual and the nation are vital.
Ground reality is that one cant live inside a pile of Cash Blocks, neither can one rely on immediate cashing of plots/houses when one is in need of cash at the eleventh hour.
I think, a hybrid approach can be better. For example, one have the cash of 5 million and wanting to invest, investing half in real estate and other half retaining as saving can be better.
3. Investment in Foreign Real Estate: There can be some attractive options like the one on outer rim of europe (Greece, Turkey etc.) but one never knows, unless one has micro-level info available.
Global scale of economy isnt looking very promising with the recent tariffs and trade war stuff. One of the sector that badly impacts due to recession and inflation is Real Estate.
Cutting the story short: Buyers buy when market is low, however, at this point splitting the investment into Real Estate and Saving is the way to go, as far as proceedings of 2019 are concerned.
USD as the necessary devil isn't loosing any shine, anytime sooner, globally, until the point Chinese come up with a highly robust currency/banking and transaction system that surpasses USD transactions
i like this comparison from imtiaz. spot on.
"Consider 'Currency Devaluation' on Zameen as the 'Speaker's Corner' of the Hyde Park (Public Park but with an exception of a debating corner in it - could be annoying for few but somehow works for other lot)."
@Shayan, yes but Imtiaz should learn to write concise. Such lengthy posts are informative but off putting.
Pakistan PM criticized for ‘insulting’ encounter with Saudi Arabia’s King Salman (VIDEO)
https://www.rt.com/news/460902-imran-khan-saudi-king-salman/
https://twitter.com/i/status/1134830500688814080
IK should be diplomatic but these Saudi Kings always want too much respect. Killing khashogi , Kim kardashian one night stand offer with bin salman scandal. They deserve that...
Guys let’s pls keep this forum siasat free
As suggested earlier, lets leave a Speaker's Corner in the HydePark that we have here. I am not advocating but as a matter of practical facts systems have or they create certain glitches (adult spots, drugs and recreational slots) to keep things smoother and relevant in other aspects with a singular exception (for one's who like to be in them, by choice).
-----------
Right. However, there is a clear difference between diplomatic norms, basic human courtesy and absolute naiveness and ignorance. As a basic protocol, one can't talk, in an official state conversation, to a translator and move on even before the translator finishing translation to the other/his guy.
When there was time for principal stand, we drove for them, endorsing them when the world boycotted and presented them official civil awards. This is a once-off instance but it goes to the previous lot too by begging these guys for an exile deal (favours over dignity).
We need to decide between Principle-based Relation vs Favor demanding Relation. Unfortunately, to date, our guys asked for the later and both options don't go hands in hands. This was naiveness and ignorance, rather then a Diplomatic Signal!
Say what? Yet another fine classic example of making a non-issue into an issue. The same article then goes on to say … Oh by the way whatever we were speculating in the begining turned out to be incorrect because nothing was cancelled and all meetings went ahead as planned. But thankyou for wasting your time on yet another useless read anyway. Journalism at its best. No wonder majority dont follow mainstream media propaganda machines anymore. Jokers.
"Oh by the way whatever..."
Yet another fine classic example of putting one's interpretation into author's writing... The article and link never begs one to must read it but it does allow on the liberty to read and interpret as one likes. The point is diplomatic stupidity by the one (praised here many a times as Parchi-Less global influencer - wish, that would had been counter argued too). Not all blunders end up in cancellation and bloodshed, neither that was the point!
Same media is hailed as a saviour when promoting and covering likeable agenda!
"But thankyou for wasting your time on yet another useless read anyway"
- Life and (online) forums allows us an OPTION to move on, against 'useless stuff', rather then firing off (not required) key strokes with 'you', 'your' keywords!
Promoting groundless baseless speculation lacking any substance super lame and rightly leads to loss of credibility.
Let me take a break from usual postings and wish the fellow forumers a very happy and blessed EID MUBARIK.
May Allah shower His blessings upon us and make us and our country safe and prosperous.
Wishing a very happy blessed Eid Mubarak to all members
Eid Mubarak to all friends on Zameen.
This very Blessed and Sacred day of Eid reminds us to care for those who were deprived of happiness and care somewhere along the journey of life.
May Allah Accept our Ramzan Prayers and our Fastig and Bestow upon us His Rehmat on the Judgement Day....Aameem
Eid Mubarak! Wishing Joys & Blessings for all.
Eid Mubarak to all forum members.Un bhaion ko be dili Eid mubarak jeno na shayari for iftar NS ki dining table per ki ha ior un ko be jo her waqt PKR ko devalue karna ki dua karta rhta hain.
Regards
.....
Eid Mubarak to all.
No hard feelings for anyone, love for all including my Patwari brothers of Pakistan :)
Another good news for Pakistan:
72 years awaited decision has been implemented now:
Tax base has been broadened.
Long live Imran Khan. Hats off to you.
Now the chillies would be hitting to the tax evaders, right where they were supposed to hit!!!
Eid Mubarak to all amigos…
.