Do you think property rates will go up with this? For now it seems like they are not but it is not sustainable.
I don’t think they will, mainly because people are not investing much.
Property rates are stagnant and in some cases taking correction. Investors’ activity is dormant and house construction has taken a hit due to material price inflation.
All eyes on current economic situation which is inches away either from a complete collapse or move towards recovery. Miftah is positive that IMF deal will be restored in next 48 hours and recovery phase will start. What is not in his control is the international situation: Ukraine war, global economic slow down, strengthening dollar and escalating fuel and commodity prices.
For overseas Pakistanis aspiring to invest in Pakistan real estate, they should wait and watch carefully. Be ready to transfer dollar/euro as soon as IMF deal hits. This will give you best conversion rate and stable prices of plots. Once purchase panic starts, then you’ve already missed the boat !
Some good news after long days of doom and gloom !!!
It is no secret now that the Traitor Khan had put landmines in the economy after seeing his eminent ouster by the “neutrals” who brought him in power in the first place. He intentionally failed IMF program by violating agreed terms and reduced petrol prices despite increase in the int’l market. The eventual result would have been total economic crash.
Thanks God we are in safe hands now. Although we have landed in “controlled democracy” from the “hybrid regime” experiment. None of which is “true democracy”. So the journey still continues !
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100% agreed, that’s exactly what I thought he knew it coming and put Pakistan’s economy in danger. I hope he spends the rest of his life on/in the container and never gets a chance.
More good news.
This week is important, we will either escape this pitfall or go down further. But for now, some ray of hope.
Apparently, there are more positive triggers for PKR to halt its downfall and bright chances that dollar will be put in reverse gear.
Watch further for a couple of days and then jump into Pakistani real estate with your foreign currency. It is a buyer’s market at the moment.
Won’t it be temporary? For how long can Pakistan sustain with foreign debt?
Ty Phoon,
Debt is not bad if it is invested in growth. Unfortunately in last 3.5 years, we took 80% of the total loan Pakistan ever took in 75 years. Which means, if all the previous governments took 20 dollars, then the last govt took $80 and did not invest in growth-related projects.
Our first priority should be to avoid economic crash.
Then focus on recovery, fix systems and get out of IMF program.
Only then we can achieve sustainable and genuine growth.
If we can achieve first two stages in next 1 year, then we’ve survived this crisis.
Wow that’s alot of debt, PTI followers need to know this but they’ll probably find excuses anyway.
You can not win argument with “mein na manu” type cult-followers. No matter what facts and logic you present they’ll not engage with you at that level.
Ab jab jootay pray hein tu samjh aati ja rahi hey.
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R
Miftah has stopped crash, now Munshi will take over for a final “lift off” !!!
Stock market saluted with 800+ points gain in today’s session.
PKR also holds the ground at 207.
Days of doom and gloom are over. IA.
Miftah was a scapegoat now if ishaq dar returned.
IMF is expected to give final nod today. This will make stocks go through the roof and Rupee stabilize.
these are stability news. But Higher Interest rate will take its toll on all business. Anyways its just result season now. Payouts may sustain it above 40. but Only one tool in capital markets, i.e. Interest rate is enough to curtail the growth.
Sir! Ever heard about Debt to GDP ratio which actually matters as compared to absolute numbers.
I am also in the same boat as O.P and considering moving the investment to UAE. Anyone familiar with UAE’s market can shed some light on the returns?