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July 9, 2016

New rules spark slump in Pakistan real estate market

KARACHI: The federal budget 2016-17 and an amendment to the Income Tax Ordinance 2001 have begun to impact the real estate sector.

Pakistan’s real estate market has witnessed bullish trend for last four years and a drastic price hike in the last one year. Estate agents believe that after the budget announcement 2016-17 and the amendment, the scenario has changed and the market is cooling down.Read More »New rules spark slump in Pakistan real estate market