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Pakistan’s remittances have seen a significant surge, reaching nearly $3 billion in August 2024. Remittances Soar to $3 Billion marks a 40.5% increase compared to the same month last year. Key Factors Contributing to the Growth Region-Wise Breakdown Expert Insights Tahir Abbas, Head of Research at Arif Habib Limited (AHL), attributes the growth to increased…
In a remarkable turnaround, Pakistan’s inflation rate decreased to 9.6% in August 2024, the lowest level since October 2021. This significant milestone marks the first time in three years that inflation has entered the single-digit range, offering a beacon of hope for a nation long burdened by economic challenges. The Journey from 38% to 9.6%…
Pakistan’s commercial real estate sector is on life support, and its prospects of recovery are bleak. The industry has been in a downward spiral for the past two years, with values of immovable properties plummeting by over 50%. The Pakistan’s Property Market Crisis is so dire that experts predict a recovery is unlikely before 2030….
The Federal Board of Revenue (FBR) has announced a significant change to the property capital gains tax regime. As of July 1, 2024, the holding period requirement for capital gains tax on properties has been removed. This means that all profits derived from the disposal of immovable property in Pakistan will be taxed as capital…
Owning a home is a keystone of wealth… both financial affluence and emotional security.