Pakistan: Overview
In Depth
- Overview
- Taxes and Costs
- Landlord and Tenant
- Inheritance
- Living There
- Useful Links
- Country Statistics
Find Property
Directory
Global Statistics
Regional Statistics
- Capital Gains Tax
- Landlord & Tenant Law
- GDP Per Capita
- GDP/Cap Growth 1 yr
- GDP/Cap Growth 5 yrs
- Economic Freedom
- Ec. Freedom 5 yrs
- Competitiveness
- Property Rights Index
- Currency +/- Value
Pakistan: Overview
Pakistan (pop. 158,277,000; GDP/cap US$627) borders the Arabian Sea, between India on the east, and Iran and Afghanistan on the west, and China in the north.
Pakistan is in dispute with India over the Kashmir region. It is also the training ground of terrorist groups like the Taliban, and allegedly, America’s best friend, Osama Bin Laden, is said to be hiding in the country.
All economic sectors of Pakistan are open to foreign direct investment.
In 2000, Pakistan liberalized its investment policy. Housing was one of the sectors that were given priority status. National ownership requirements for investments in the housing sector were removed.
TAXES AND COSTS
Last Updated: Dec 18, 2008
Rental income tax is quite low in Pakistan
Rental Income: Income from leasing real property is subject to a final withholding tax of 5% on the gross rent.
Capital Gains: Capital gains realized from selling real property are not taxable in Pakistan.
Inheritance: There are no inheritance taxes in Pakistan.
Residents: Residents are taxed on their worldwide income at progressive rates, up to 25%.
RESIDENTIAL PROPERTY AROUND THE WORLD
Asia & Pacific
Looming housing slump in China
America & Caribbean
The great U.S. housing market crash
| RESIDENTIAL PROPERTY FACTS | |
| Price (sq.m): n.a. | Rental Yield: n.a. |
| Rent/month: n.a. | Income Tax: n.a. Assumptions: Owners are a non-resident couple drawing US$ / €1,500 per month in rent, with no other local income. |
|
Roundtrip Cost:
n.a.
The total cost of buying and then reselling an apartment. Includes: * all transaction taxes and charges: * lawyers' and notaries' fees * agents' fees Assumptions: The buyers are non-resident foreigners. The apartment cost US$250,00 / €250,000. |
Cap Gains Tax: 25.1% Assumptions: The property was bought for US$250,000 / €250,000, and sold 10 years later, after a 100% appreciation. |
| Landlord & Tenant Law: Neutral Rating is based on a detailed study of each country’s law and practice. | |
JANUARY 2009
- Foreign real estate projects in Pakistan feel the heat of the UAE market downfall - The News Internation
- Real estate redux - urban/urbane - The News Internation
MAY 2008
- Real Estate investment trusts launched in Pakistan - Property Investing.N
SEPTEMBER 2007
- Political uncertainty hits property business - Gulf Times
JULY 2007
Subscribe to our Newsletter!
Enter your email address to sign up.
RSS
