This refers to the article, ‘Why governments fail’ (September 19) by Dr A Q Khan. I was surprised to read the note at the end – “Expatriates have been scared away from investing in real estate in Pakistan due to our taxation policies”. Evidently, this is something he knows nothing about. Due to the new taxation policies, property prices have actually fallen by more than 30 percent, which should be very attractive to expatriates.
If the writer cares to read more on the subject, he will discover that investors and speculators had caused property prices to go through the roof, and the common man was finding it impossible to buy a plot or apartment at such high prices. My advice to the writer is to write only on what he is familiar with.
Shakir Lakhani
Karachi
The Taxila overhead bridge was revamped about a year back after its condition deteriorated. Sadly, all the lights on...
The South Korean economy is the 12th largest in the world and the fourth largest in Asia. It is ranked 52nd on the...
I am writing to raise my concern about the ongoing power outages from morning to afternoon, three days a week, in...
Gambling apps are becoming popular among Pakistani youth these days. College and university students who are looking...
I am writing to express my worries about climate change and the rising frequency of natural catastrophes in Pakistan,...
I am writing to bring attention to the plight of EOBI pensioners, who are facing severe financial challenges due to...
