A meeting was held by Real Estate Business Club and Federation of Realtors Pakistan, In which Real Estate representatives from all over Pakistan Real Estate Mr.Musarat Ejaz Khan (Founder of Federation of Realtors Pakistan), Mr. Rizwan Khokhar (Bahria Town), Mr.Furakh Siyal (Bahria Town), Mr.Najib Gul Abbasi (President of DHA Valley Association), Mr.Nasir Javed Lahore Federation of Realtors , Mr. Abubakar Bhatti (Presidency of DHA Lahore), Mr. Imtiaz (Secretary of Defense, Karachi), Mr.Tahir Masood (Chairman of the Lahore Federation of Realtors Pakistan), Mr.Nasir Javaid (Lahore Federation of Realtors Pakistan).According to their view and also the view of Pakistan people were discussed on the budget 2019-2020 issues, under the leadership of Mr.Musarat Ejaz Khan. The present government machinery at this time is in pressure on the real estate business the idea was quite discussed which emphasized that such strategy should be done by which the business can be handled and all the people also presented their own suggestions on this issue. In our point of view, it is the time that all the business activities must be registered and the documented economy is very critical for country and government is also working on this task also.The ground also bring this in to discussion that real estate owner cannot see the nation down in each respect either it is economical or social and the government should review its policies .The government should take the real estate ground in to confidence and remove the all disappointment situation which is prevailing in the nation now a days. The government should work hard to support the real estate business which is mostly supporting lower class people who works in the business generating sector. The rest we as a respectable citizen of Pakistan and being a business lines request the government to make proper policies and should be implement to own the rights of real estate business people so that that we support our nation and make the country more prospers.
To understand in depth details the real estate market let’s review first the economic glimpse of Pakistan economy.SOCIO ECONOMIC REVIEWPakistan’s economy showed significant signs of recovery and expansion in 2018 in comparison with previous years. The factors contributing to this improvement include improved security conditions, strong credit growth, soaring investment activity, recovery of the agriculture and manufacturing sectors and an overall improvement in macroeconomic conditions. However these factors were affected by a rise in oil prices and other commodities, decline in foreign exchange reserves to fill a financing gap. GDP growth in FY17 was recorded at 5.3% as compared to 4.7% in FY16. GDP in 2017 was $304.3 Billion as compared to $283.66 Billion in 2016. A GDP growth of 5.5% is being forecasted by the IMF/ADB for 2018 with a projected GDP of circa Rs 321 Billion. Inflation has increased in FY17 to 4.2% compared to 2.9% in FY 2016. The increase is mainly linked to a rise in oil prices globally. Inflation for both food and other items rose slightly despite improved supply adequate food supplies as global prices strengthened. The benchmark interest Rate in Pakistan averaged 11.29 percent from 1992 until 2018, reaching an all-time high of 19.50 percent in October of 1996 and a record low of 5.75 percent in May 2016. Current situation of Pakistan’s real estate market and its long-term economic forecastThe real estate sector in Pakistan is growing and is an important sector of the economy. Pakistan spends about $5.2 billion on construction annually, and construction output accounts for 2pc of GDP. The accelerating rate of urbanization in the country requires urban planning and hence an effective management of the real estate market.What to Expect from the Pakistan Real estate Market in 2019.The Pakistan real estate market is one of those business sectors in Pakistan which has suffered a lot during the past few decades due to several factors. There have come a lot of ups and downs in that sector, that is why almost all the people who are somehow associated with real estate or property business, want to know what may be next. This article has been written keeping in mind all those factors which may affect the Pakistan real estate market in the coming days. But before we discuss the Pakistan real estate market and the expected forecast of 2019, let us first revive a brief summary and overall business round up of the past years.Summary round up of the Past YearsWhen we talk about the Pakistan real estate market, we are merely talking about how the Real estate sector in Pakistan has performed since the year 2001. The reason behind it is that this industry had a real up rise since that era. It was the time when Pakistan real estate market was booming until the first half of 2017 with great success. No doubt there came many ups and downs but the overall report was not so much disappointing. All the mega projects and major societies stood up in that span of time, and also the sale and purchase on small and large scale was also very much astonishing. The gap which came from time to time was very much dependent upon and because of the foreign investment. Taxes and other restrictions during the past had direct impact upon as it is a critical factor for potential foreign investment in the sector. As compared to the past, present condition of Pakistan real estate market can be declared as very much favorable for the seasoned investors. These kinds of investors very well know where, when and how to invest in the market without losing the game. No doubt the property bubble of 2015 and 2016 raised the prices of land and furnished property in certain areas much higher than their actual assessment. It had an overall impact on the whole sector and like any other asset the prices needed to correct and reach their genuine assessment in order to gain the confidence of genuine buyers. It must be noted that genuine price correction is a directly related to the health of overall real estate market. Due to the above factors and reasons Pakistan Real Estate Market Analysis 2018 will just act like a forecast for the Pakistan real estate market 2019. In that regard the main factors can be summed up as follows:Opportunities Offered in 2018According to the economists and the real estate analyzers, in 2018 a very much stable real estate market. It in turn started offering various opportunities all over Pakistan. However, it will be good if you do not expect any major bubbles in the Pakistan real estate market. However, the societies which are potential trend changers and best to invest in the upcoming year. Behavior of buyers & sellersWhen talking about the Pakistan real estate market, we can merely say that it is the market of the buyer rather than the seller. It is a fact that the properties are always more than the actual number of the potential buyers. The reason behind it is that the actual buyers are just waiting for the prices to come down and to be bottomed out. It will result in their will and choice so that they can buy much cheaper properties at the end of the game. As compared to the buyers, the sellers are much more desperate to some regard as they face very much difficulty and issues in finding potential buyers. Unless there is no buyer the sellers and investors have to minimize the losses through some other gateway. In other words they would have to compromise on the quality which will automatically lead to a disturbance in the market. Impact of CPEC on Pakistan Real Estate and Gwadar China Pak Economic Corridor, also widely known as CPEC is a link between two countries China & Pakistan forming an alliance for the future of business dominance. The need for CPEC comes at a time when China has already captured the world’s production market but due to its geographical location faces hardships when sending out shipments. When you put your land to use, it has a dominant impact on the entire region. The projects impact on Pakistan’s economy will be huge and so will be on the real estate sector. The 3,218 KM long highway is under construction and still requires a lot of time and patience to complete.CPEC is a one-belt one-route plan that comprises a series of interstates, railroads, pipelines, and electricity. Linking Pakistan’s Gwadar deep-sea port with China’s Kashgar in western Xinjiang will allow neighboring regions to make use as well and reduce their trade routes with the rest of the world. Approximately 83% of China’s oil is transported thru the Strait of Malacca to Shanghai. The area it needs to travel is approx. 16ooo KM which requires 3 months owing to traffic and weather conditions. With Gwadar operational, 5000KM will be reduced cutting downtime and cost at the same time. The estimated cost of the project is around US $ 62 Billion. About US $ 46 Billion will guarantee the project gets operational by 2020 while the rest will be spent on upgrades and to manage overhead costs.Economic Boost in PakistanThe effect of CPEC on Pakistan’s economy will be huge. It would be a reason for setting up a lot of industry thus creating many jobs. As per the findings of Harvard International Development Research Department, the next 10 years annual development rate in Pakistan would rise to 5.07%. It will be the second most elevated in Asia.With an economic boost in the country, the demand for accommodation would certainly rise and a huge demand for land would be needed to fulfill. With more individuals being able to buy property, the real estate sector would thrive. The true impact would be witnessed after 2020 when the road belt is complete and becomes functional.Chinese Immigration in PakistanThe fact that CPEC is a joint venture between China & Pakistan means that many Chinese & Pakistani engineers would be deployed in Gwadar and along the lengthy belt. This is good news for the real estate sector as accommodating them would require the establishment of small cities along the belt. The land thus would be required in plentiful to build safe housing societies with all the amenities. Gwadar being the ultimate port would develop into a major city just like Karachi. Gawadar Lahore & Karachi would be the epicenter of after the completion. Property in these major cities will witness an enormous boom as there would be a need to accommodate not only the citizens but foreigners as well.Pakistan’s Real Estate Sector at Its BloomNevertheless, the real estate sector of Pakistan has proved itself to be the strongest of all sectors and has made an appreciative comeback after the year lasting lump. China has already made huge investments in Gwadar, attracting the foreign-based Pakistani’s back to their homeland. The major target of all these seminars and Expos are the Pakistani’s settled abroad, as they are always on the lookout for making good and profitable investments in their own country.With the current developments being made in Karachi, under Bahria Town Karachi will also come out to be the hub for foreign investments in the years to come as it offers numerous major attractions, from the world’s third largest mosque to the Rafi Cricket stadium. We have already seen the revolution in Karachi’s real estate market due to projects like Bahria Sports City, Bahria Paradise, and Bahria Golf City. The world is witnessing recessions and an awful decline in real estate sector, whereas Pakistan stands firm, proving itself to be the best investment market in the world.
Al-Qadir University SohawaNew Era of Economic Construction Part 1:-Modern Education Education, in present age being the most important and necessary thing for people, is considered to be a gift of this modern age whereas eventually it is only the Glorious Qur’an to which goes the credit of education’s foundation and its boundless advancement.It is an established truth that Islam has attached much emphasis on education. It is only Islam, which occupies this distinguished position of being the messenger of knowledge and leader of an educational revolution. According to Islamic viewpoint, the humanity set out for its journey in the light of knowledge, not in the darkness of ignorance as many civilized people say that man is a developed form of animals. Other systems have put education in the category of necessities of life but Islam has regarded it the utmost necessity of human life. There is neither a religion nor a civilization that has termed education as basic right of every individual in the society. Part 2:- Benefits of Modern EducationThe field of education, covering ethics, religion, skills and general knowledge, is a very broad and very vital one. The importance of learning in enabling the individual to put his potential to optimal use is self-evident. Without education, the training of the human mind is incomplete. No individual is a human being in the proper sense until he has been educated. Education makes man a right thinker and a correct decision-maker. It achieves this by bringing him knowledge from the external world, teaching him to reason, and acquainting him with past history, so that he may be a better judge of the present. Without education, man, as it were, is shut up in a windowless room. With education, he finds himself in a room with all its windows open to the outside world. Part 3:- Education in Islam This is why Islam attaches such great importance to knowledge and education. The Qur’an, it should be noted repeatedly asks us to observe the earth and heavens. This instills in man the desire to learn natural science. When the Qur’an began to be revealed, the first word of its first verse was ‘Iqra!’ that is, ‘Read.’ Education is thus the starting point of every successful human activity.All the books of hadith have a chapter on knowledge (ilm). In Sahih Bukhari, there is a chapter entitled, “The virtue of one who acquires ilm (learning) and imparts it to others.” In the hadith, the scholar is accorded great respect. According to one tradition, the ink of a scholar’s pen is more precious than the blood of a martyr, the reason being that while a martyr is engaged in the task of defence, an alim (scholar) builds individuals and nations along positive lines. In this way, he bestows upon the world a real life treasure.The very great importance attached to learning in Islam is illustrated by an event in the life of the Prophet. At the battle of Badr, in which the Prophet was victorious, seventy of his enemies were taken prisoner. Now these captives were all literate people. So, in order to benefit from their erudition, the Prophet declared that if each prisoner taught ten Madinan children how to read and write, that would serve as his ransom and he would be set free. This was the first school in the history of Islam, established by the Prophet himself. It was of no matter to him that all its teachers were non-Muslims, all were prisoners of war, and all were likely to create problems again for Islam and Muslims once they were released. This Sunnah of the Prophet showed that whatever the risk involved, education was paramount.Islam not only stresses the importance of learning, but demonstrates how all the factors necessary to progress in learning have been provided by God. An especially vital factor is the freedom to conduct research. Such freedom was encouraged right from the beginning, as is illustrated by an incident which took place after the Prophet had migrated from Makkah to Madinah. There he saw some people atop the date palms pollinating them. Since dates were not grown in Makkah the Prophet had to ask what these people were doing to the trees. He thereupon forbade them to do this, and the following year date crop was very poor as compared to previous year. When the Prophet asked the reason, he was told that the yield depended on pollination. He then told the date-growers to resume this practice, admitting that they knew more about “worldly matters” than he did. In this way, the Prophet separated practical matters from religion, thus paving the way for the free conduct of research throughout the world of nature and the adoption of conclusions based thereon. This great emphasis placed on exact knowledge resulted in the awakening of a great desire for learning among the Muslims of the first phase. This process began in Makkah, then reached Madinah and Damascus, later centering on Baghdad. Ultimately it entered Spain. Spain flourished, with extraordinary progress made in various academic and scientific disciplines. This flood of scientific progress then entered Europe, ultimately ushering in the modern, scientific age. Part 4:- Opening of Al- Qadir University and Prime Minister Briefing. In this regard PM Imran Khan inaugurated a new university with details below which will boost economy due to construction of new housing societies within the campus and outside.Al- Qadir University Sohawa would play an important role in creation of Naya Pakistan as environed.It has been named after Abdul Qadir Jilani, who linked science and spirituality.We consider spirituality a super science; it needs research, which will be conducted here. This university is being formed for a purpose. We want to turn our youth into leaders. That will happen when they get to know the principles of the state of Madinah. We will undertake research and learn how the Muslims rose from Madinah.The vision to turn Pakistan into a welfare state on the principles of Medina state. Educational institutions like Al- Qadir University not only imparted Islamic teachings to the youth, but also educated them in modern technology, which was a legacy of the Muslim Ummah.The imparting modern scientific education to the youth was vital and Al-Qadir University Sohawa would provide such opportunities to the local students.Al-Qadir university will impart not only education in science and technology but also give them spiritual training. Prophet Hazrat Muhammad (PBUH) had emphasized for attaining education in order to excel in life and added that no society can progress without education.The Muslim world produced eminent scientists and researchers in history because they followed the teachings of Prophet Hazrat Muhammad (PBUH) in letter and spirit. Justice and welfare of people were prerequisite to keep a country stable and secure. The groundbreaking ceremony was attended by many prominent Pakistanis educational & economic leaders.