This refers to the article, ‘Why
governments fail’ (September 19) by Dr A Q Khan. I was surprised to read the
note at the end – “Expatriates have been scared away from investing in real
estate in Pakistan due to our taxation policies”. Evidently, this is something
he knows nothing about. Due to the new taxation policies, property prices have
actually fallen by more than 30 percent, which should be very attractive to
expatriates.
If the writer cares to read more on the
subject, he will discover that investors and speculators had caused property
prices to go through the roof, and the common man was finding it impossible to
buy a plot or apartment at such high prices. My advice to the writer is to
write only on what he is familiar with.
Shakir
Lakhani
Karachi
Printed
in The News, September 20, 2016
https://www.thenews.com.pk/print/151088-Incorrect-assumptions
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