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Property Black Hole of Pakistan Economy

IN an exercise to ascertain the amount of money pouring into Islamabad’s real estate sector, the Federal Board of Revenue has discovered the astonishingly high figure of approximately Rs100bn over three years, at DC rates. This is the official declared rate at which property transactions are disclosed, and as most people already know, the real amount is far higher. It is difficult to put a figure on what the real amount could be, but it is not unrealistic to estimate that it would be as much as four times theRead More