Pakistan: Overview
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Pakistan: Overview
Pakistan (pop. 158,277,000; GDP/cap US$627) borders the Arabian Sea, between India on the east, and Iran and Afghanistan on the west, and China in the north.
Pakistan is in dispute with India over the Kashmir region. It is also the training ground of terrorist groups like the Taliban, and allegedly, America’s best friend, Osama Bin Laden, is said to be hiding in the country.
All economic sectors of Pakistan are open to foreign direct investment.
In 2000, Pakistan liberalized its investment policy. Housing was one of the sectors that were given priority status. National ownership requirements for investments in the housing sector were removed.
RESIDENTIAL PROPERTY AROUND THE WORLD
Asia & Pacific
Bubble fears prompt foreign ownership limits in China
America & Caribbean
The slowdown of the U.S. housing market
Middle East and Africa
Bahrain is open to foreigners and sizzling hot
| RESIDENTIAL PROPERTY FACTS | |
| Price (sq.m): n.a. | Rental Yield: n.a. |
| Rent/month: n.a. | Income Tax: n.a. Assumptions: Owners are a non-resident couple drawing US$ / €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. | |
MAY 2008
- Real Estate investment trusts launched in Pakistan - Property Investing.N
SEPTEMBER 2007
- Political uncertainty hits property business - Gulf Times
JULY 2007
MAY 2007
- The problem is beyond Musharraf - IHT
- A general state of disarray - The Economist
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