In recent years, cryptocurrencies have surged in popularity, transforming various industries, including real estate. At Makani Marketing, we have witnessed this shift firsthand as more clients explore the benefits of using digital currencies in property transactions. This blog explores how cryptocurrencies are influencing the real estate market and the advantages they bring to buyers and…
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The federal government has recently proposed a 5 percent federal excise duty (FED) on new plots and residential and commercial properties. This announcement was made by Finance Minister Muhammad Aurangzeb during his budget speech on Wednesday. The proposal aims to curb speculation and bring stability to the real estate market. Why the 5% FED? The…
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The government is expected to implement significant tax hikes on the buying and selling of immovable properties in the upcoming budget for 2023-24. This move aims to regulate the trading of plot files in private housing societies and ensure proper tax documentation. New Tax Measures for Non-Filers Sources have revealed that non-filers will face increased…
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In the fiscal year 2021-22 (FY22), Pakistan’s real estate sector witnessed a decline in Foreign Direct Investment (FDI). According to a document from the State Bank of Pakistan (SBP), net FDI in the sector fell by $6 million during this period. The outflows amounted to $9.3 million, while the inflows were only $3.3 million. Construction…
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