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Pakistan’s Real Estate Pump is Coming (Time to Get Rich?)
The Federal Constitutional Court just struck down Section 7E, ending the tax on second and third properties. While the real estate sector celebrates, is this actually a win for Pakistan, or just another cycle of the real estate "Choona"?
In this episode of Dil Ki Baat, I am taking an "Urta Teer" to explain the macroeconomic reality behind this ruling. We break down the disparity between the heavily taxed salaried class and the tax-exempt real estate elite, the concept of "exit liquidity," and why I foresee a massive pump and dump cycle coming to the property market right as the IMF agreements…
The skinny
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