Digital Power of Attorney for Overseas Pakistanis
A day after the joint session of Parliament passed 33 laws, including “the Election Second Amendment Act, 2021”, providing voting rights to overseas Pakistanis, the government launched a digital portal to assist emigrants with a certificate from a prosecutor.
Prime Minister Imran Khan’s launch of a platform for automation proxy is yet another innovative step for Pakistanis living abroad.
The service will help expatriates get online confirmation from their prosecutors without having to visit embassies.
It was first released in ten countries and has now been linked to NADRA’s database, enabling it to provide services to all embassies and consulates around the world.
Solution to Many Problems
In his remarks during the inauguration, Prime Minister expressed regret that abroad Pakistanis were not considered an asset for the country. He asserted that now that they have been given the right to vote in elections, every government will respect them.
He added that emigrants have problems with a prosecutor and that automation would solve their problems.
The Prime Minister also expressed his joy at the approval of a bill allowing electronic voting machines to be used in general elections.
Technology has changed the world, and refusing to adapt to it is ridiculous, he said, adding that only corrupt forces oppose it.
“It made me very happy yesterday,” the prime minister said during the ceremony, “because we have now involved Pakistanis abroad in the democracy of Pakistan.” He claimed that because emigrants now had voting rights, “Every government will value our foreign Pakistanis.”
The nine million non-resident Pakistanis will vote for the administration, which can improve their lives when they go to the polls. “The most important advantage will be that a citizen can control the government with his vote in a democracy,” he said.
Certificates of Inheritance
Through biometric verification at Pakistani missions abroad, the National Database and Registration Authority (NADRA) would provide letters of administration and succession certificates to foreign Pakistanis, saving them the trouble of going to court.
The government has publicly disseminated the method of requesting the said documents through Pakistani missions to raise awareness of Pakistani expatriates who would otherwise have to languish in local courts and endure a lengthy process.
5 Types of Video Content to Promote Your Vacation Rental Business
If those who have done some online research for any trip will notice watching videos, this is the best way to get close to that place.
Whether tourists are looking for an ideal seaside home or even a downtown apartment, videography occupies the best place simply to visit the place in person.
Holiday rental owners can use video content to deliver things that photos can’t, so these could help owners get extra reservations.
Anyone can use platforms like Facebook or YouTube to post amazing, engaging and remarkable local listing videos that can help increase vacation rental bookings. Many people seem to be digital natives and respond much better to this kind of material.
Showing Property Video
A home walk highlighting the property’s greatest features is a very prominent kind of video.
The combination of videos and photos could be used to bring visitors to a detailed tour of the entire site, and aerial shots can show the outdoor environment and adjacent area.
To create humor, newly listed clips often include a narrator or background music. The best approach will offer a quick hyperlink for the location list so that consumers can learn more.
“About Me” Video
For an introductory video, the homeowner will describe someone’s business and describe to the visitors about the particular features included and reasons that visitors will enjoy this place over a competitor’s locations.
Discuss when you entered this market, how that attracted you to rentals, and all the particular benefits the company offers that set you apart from your competitors.
You can post the clip on your social profiles. Give visitors the contact details, as well as details about the location or other location details. Add several important keyword terms in the title to improve the online visibility of the videos.
Give the public a visit of the neighborhood, highlighting its best features, including picturesque elegant places and views.
Visitors are eager to see everything they would do during their stay at the venue, and that’s why such a kind of film might be packed with helpful information. This can describe why visitors should spend a vacation in that place and give them a list of activities to perform and see if visitors will rent the home.
To complete the property advertisement, this is also an excellent natural material to publish on online portals or social networking accounts.
Comments seem to become usually convincing, but audio-visual testimonials from happy visitors can almost certainly be much larger.
To create a video testimonial, invite any satisfied visitor if they might be willing to appear in any. For the return of their time, a special deal, discount or additional coupon could be given to visitors.
This is amazing to expose the site, however, once others get nice reviews spread that don’t come from a business, it has a much greater importance.
If the company has a Questions section, why not just put such useful hints as a video?
This may teach visitors exactly how everything works on the site, educate visitors about the housing regulations and answer every additional typical question about a visitor in the video, including text or even storytelling.
Because of the audio-visual aspect of the responses in the clip, they may be much more inclined to remember, which means that smaller visitors might raise such concerns, and anyone who does so would be less likely to doubt them later.
Users are aware of the impact that quality photos can have on overall performance for any rental unit.
Even videos can bring more visitors to the listed website and reinforce specific reasons why anyone should choose it over others, which can improve the holiday rental bookings almost as well.
And, fortunately, creating a video is now simpler, unlike before. Users can hire a video creation company to help them record and create the video or you can create it yourself. In that case, users might be able to get greater results and satisfied consumers.
Be sure to experiment with a variety of methods and promotional platforms unless you discover something that works for the vacation rental company.
Shaz is practically working for Magnetic Strategy. At Magnetic we create SEO guides to help vacation rental managers discover everything they need to know.
Govt urged to introduce soft taxation regime for real estate sector
LAHORE: The government must formulate special policies and introduce a soft tax regime for the country’s real estate sector.
This was the result of the speeches made at a seminar on houses and real estate at the Commercial and Industrial Industry of Lahore (LCCI).
The seminar was attended by LCCI interim President Faheemur Rehman Saigal, Al-Jalil Developers Chairman Nasrullah Waraich, Federal Task Force on Housing Manager Zaigham Rizvi, renowned architects Professor Jason Pomeroy, Yaqoob Tahir Izhar, Akber Sheikh and Mian Abuzar Shad.
The experts noted that in Pakistan the population is growing rapidly, resulting in the expansion of residential areas and increased the need for food and other necessities.
LCCI interim president Faheemur Rehman Saigal said Pakistan is the only country in the region where residential areas are spreading every day, adding that no fundamental change in construction technologies has occurred since independence.
Citing an example from Singapore, he said in 1965-66, Singapore was one of the worst slums in the world. “But they’ve been working on it and now they have great community structures.”
He urged the government to take immediate measures to deal with the uncontrolled expansion of residential areas and consequent downsizing of the agricultural areas.
Saigal further stressed the need to bring the real estate sector within the formal economy, as it was the second largest sector in the context of employment.
The acting president of LCCI said real estate is an important sector of the economy that needs to be protected by favorable policies and a mild tax regime. “The sector has the potential to attract not only local investors but also foreign Pakistanis and foreign investors.”
He said the fungal growth of housing societies is consuming the agricultural land and is an agricultural land, Pakistan cannot afford it, suggesting that this issue could be addressed through horizontal housing developments.
“Despite being a dynamic sector with the capacity to attract huge foreign investment, the real estate sector has faced unfavorable circumstances and struggled to survive due to redundant policies and heavy taxation.”
He said the government will not be able to achieve its economic goals without the support of the business community, which suffers severely from the severe issues like attachment of bank accounts, political instability and heavy taxation on trade and industry.
Investment In Commercial Property In Pakistan
Commercial real estate in Pakistan has different characteristics that distinguish it from a dwelling house.
It is not a simple job to invest in commercial real estate. Before investing, there are also things to look at. Business investment in Pakistan includes the choice of the site, the number of feet, how many people visit the region per day, price, price for money, and so on.
It is just as difficult to find the right property for your company, whether it is rented or purchased. Property is another aspect that needs to be targeted in the form of the company so that the investment is not lost.
That is why here are some outstanding advantages and handy tips for investing in commercial real estate in Pakistan.
By building equity in your real estate business, you will use it to further expand your business without jeopardizing your business. This helps you deal with the development of your company more flexibly.
It also gives more options when the retirement period arrives. As a company owner, you can either directly sell the practice and underlying property during the retirement period, or just sell the practice and rent a commercial property that provides a source of income.
Investments such as stocks do not allow for anything more than buying and selling, however, provided requirements are met and necessary permits from a local authority are secured, commercial homeowners can invest in their real estate.
A commercial property owner in Pakistan can upgrade, restructure the property outside or inside, increase rents or even modify its zoning. Inflation will bring value to current features as well. While new developments may cost more than building older properties, existing sites and the more recent local construction are still growing in value.
Tax Benefits And Maximum Returns
It can be a dynamic place to invest. Unfortunately, it is not only black and white as a profit generation. Taxes and other external conditions can also affect business activities. These elements can be used to your advantage when working with real estate.
The value could rise in terms of market valuation and financial value for you, but over the years the building itself would certainly decline. The direct decline indicates that the physical value of property decreases over 27.6 years. Meanwhile, after more than a decade, other features will fall apart. This loss will offset a market value gain that actually contributes to a better outcome.
A competent accountant would require these considerations. However, in most markets, such resources are not open. Here is another explanation for preferring industrial ownership over other solutions.
Cash Flow Perspectives
You must pay the premium for an additional cash flow of rental income if you own a commercial property with room for tenants. Tenants are willing to use their money to pay for the purchase of their land, offsetting the expense of saving.
It is important to note, however, that tenants include responsibility for property maintenance, which will diminish the presence of the main commercial properties.
Practical Tips For Investing In Commercial Real Estate In Pakistan
- One must understand the state of the market, including tariffs and the value of land, so as not to deceive man. It is extremely important to keep yourself up to date. In relation to residential and commercial property, is a great distinction, so the characteristics of both forms must be understood.
- You need to prepare yourself so that you know when, why and how to invest in company property, because there is only one factor you need to consider when investing.
- You need to remember whether the position would offer you capital growth or not, whether the site has construction potential or not.
- The land has or does not have the most important lease option. If you do not want to use the feature yourself, you must rent it.
- The land should also include important amenities such as parking lots and electrical supplies.
Govt jacks up property valuation rates by average 20%
On Friday, the government took the decision to raise property rates by around 20% for 21 major cities across Pakistan, focused on filling the gap that allows black money to the economy.
The second phase of aligning real estate appraisal rates in line with market rates has been due since July 2017 and the previous PML-N administration has twice delayed the growth, reports an English daily.
This step will allow the government to reap an additional Rs5 billion in tax revenue in the last five months (January-June) of the current financial year 2018-19.
The tax regulator announced on Friday the revised real estate estimates and more areas have been added to the existing cities aimed at broadening the coverage.
Federal Revenue Board (FBR) spokesman Dr. Hamid Ateeq Sarwar said taxes on average had risen by 20% and general property tax rates had risen between 15% and 25%.
According to Sarwar, due to the latest revision, real estate estimates have come closer to 60% of real market values.
He added that the final phase of the growth will start from July or September, which will bring real estate estimates to 80% of market estimates.
However, the tax regulator did not add more cities to the list and kept it unchanged at twenty-one and these rates take effect from 1 February.
The movement is directly focused on collecting federal taxes on the sale and purchase of real estate.