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A guide to Buy a house for beginners Jagah Online

A guide to Buy a house for beginners Jagah Online

When you buy a house for the first time, you might be nervous, anxious and excited, maybe all at once! Of course, buying your very first home is a big deal, and whether you're buying an apartment or a house, the thrill of finally owning your own home is certainly there. However, there are also a number of mistakes and missteps that every first-time buyer should avoid. So, if you're worried about making the right decision or not, our Beginner's Guide to Buying a House will help you review your decisions. Take your Requirements: When buying your first home, you should have a list of questions that need to be answered satisfactorily. If you have not really considered the details yet, let us explain some basic requirements that you should consider before proceeding to the next step: •Are you looking for a house or an apartment? •How many rooms do you need to comfortably accommodate your family? •Do you need additional rooms and for what purpose? •Do you feel comfortable with an open floor plan? •Would you like a prefabricated kitchen? These are just a few of the many questions you can think about at the beginning of the home buying process. Make a note of and answer them before considering the other factors listed in this guide for first-time buyers. DETERMINE THE LOCATION SPECIFICATIONS: The location of a property is usually the biggest selling point. There are, however, two aspects. One of these is the proximity of the future home or apartment to your workplace, the children's school and other basic amenities such as a business park. The other aspect is the neighborhood itself. Is it safe, fenced and guarded? Can you properly educate your children here? Is the neighborhood clean and well maintained? While you can only answer some of these questions when you visit the the property, you can always create a list of details that you would like to have in a particular location. Also, determine which area or location you want to live in, as this will help you narrow your search for the perfect home. Once this is done, continue with the next step in our Beginner's Guide to buying a house for the first time. Be Ready to Finance your Purchase: Buying your first home is a big investment and often requires a large down payment as well as the final payment in advance or in installments. For this, you either have to have sufficient savings or be prepared to take out a home loan from a bank. Evaluate your options and determine what is best for you in your particular scenario. When you make financial decisions at the beginning, you can set a budget and look for a house or apartment accordingly. Research the Real Estate Market Well: Now that you know which location is perfect for buying your new home, it's time to start searching. You can search online for real estate ads sites like jagahonline.com or physically visit brokers for that purpose. Online searches are usually more rewarding as they provide you with information even before you contact Real Estate Realtors. Finding the right and expert real estate expert to help you make purchasing decisions MAKE THE RIGHT QUESTIONS: Once your inspection is completed, all sorts of questions will be answered. You can ask some of your brokers and others from the previous homeowners (if any). Would you like to know more about a neighborhood? Ask the current neighbors. One question is always how long the current property is in the market. If a home has not been sold for far too long, this indicates important issues that may be hidden to the eye. NEVER ACCESS THE REQUEST PRICE: The next tip in our Guide for First Time Buyers is to never specify what kind of property is required. Start with lower and lower price than you would initially be prepared to pay for the place, and negotiate slowly with the seller until you can both negotiate a price that is affordable and profitable for you. DO NOT RATE TO A DECISION: After all, buying your first home is a big decision. Therefore, do not let circumstances, finances, or your real estate agents force you to make a decision that you are not entirely satisfied with. You buy this house and live in it with your family. You have to find the right place for the right price. This requires time, effort, research and, above all, patience. So do not hurry with the decision. Make your choice carefully, as you will probably not move soon.

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Top Mega Projects in Karachi

Top Mega Projects in Karachi

Number of people travel from one place to another in this mega city on a daily basis, struggling through congestion and crowded streets, using various modes of transport. To make the streets more bearable for the Karachites, the local government has launched several projects. Green Line Project: The Green Line Bus Rapid Transit System project has received 13 billion rupees for the next fiscal year, fully covering the remaining costs of the program. The project was originally approved three years ago and has already spent 13 billion rupees on it. The Federal Government approved a revised BRT (Green Line Bus Rapid Transit) project for the price of Rs 24.6 billion for the country's largest metropolis. The cost of the Karachi subway bus project has been revised up 52% ??to Rs24.6bn and construction changes approved. The project will start from Surjani and will extend to the Karachi City Railway Station. The Federal Government finances the project completely. Numaish Chowrangi is of great importance to the people of Karachi as it is located in the most central part of the city and effectively connects many important areas. This route has also been temporarily closed as construction work on the Green Line underpass is underway and will soon be the first subway bus stop in South Asia. It is a very important and up-to-date project in terms of infrastructure & development in Karachi. The authorities are hoping for a speedy completion of this project, as well as the Green Line BRTS, as the proximity of Numaish Chowrangi can lead to severe congestion on a daily basis, despite the existence of several alternative routes. Submarine Chowk Underpass: Punjab Chorangi, also known as the submarine Chowk, was the most problematic place for people traveling from DHA to Saddar and vice versa. However, it took several years for the authorities to find an effective solution. Fortunately, work on the submarine Chowk underpass, which turned out to be an incredibly useful infrastructure development in Karachi, was completed in 2019. Since its opening, many people have used this route for almost twenty-four hours a day. This is because the Sunset Boulevard Road, which heads towards Clifton in Khayaban-e-Roomi and then towards M.T. turns into the Mai Kolachi Road. Khan Road connects the rest of the city with some major port areas. Shaheed-e-Millat Road Underpass: The Sindh government began construction of underpasses at the intersection of Tariq Road and Hill Park on Shaheed-e-Millat Road. The route from Chowrangi Prison to the Tipu Sultan Flyover is closed to traffic and an alternative route for commuters has been set up. On the side street, a three-lane road was built, which reduces the width of the green belt. A traffic diversion plan is also being developed for the construction of an underpass on the other track. The 10-kilometer route from Chowrangi Prison to Korangi Hino Chowrangi will be cleared after the underpasses have been built. The project is estimated to cost 900 million rupees and will be completed in four months. The Sindh government approved these projects and the construction of an overpass on the Shaheed-e-Millat Road last year and reserved 1.5 billion rupees for the projects in the budget of the last fiscal year. The overpass at the Tipu Sultan intersection was completed last year at a cost of Rs 600 million. Sher Shah Suri Road flyovers: Governor Sindh Imran Ismail laid the foundation for three new overpasses to be built at three intersections on Sher Shah Suri Road. Once completed, these overpasses will help keep traffic flowing smoothly through a 15-kilometer, signal-free corridor, significantly reducing the time it takes for traffic to travel from one end to the other. These new overflights in Karachi are planned to run along the existing overflights built at Five Star Chowrangi, KDA Chowrangi, and Sakhi Hassan Chowrangi as part of the Green Line project. The estimated cost of this project is Rs.214 crore, would be completed in 2019. Governor Ismail informed the media on the occasion, also attended by Mayor Wasim Akhtar, and stated that the Prime Minister had a special interest in the development and progress of the country's economic center because if Karachi made progress, the country would make progress. For this reason, priority has been given to infrastructure development in the city.

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Transformation of residential real estate into commercial

Transformation of residential real estate into commercial

Do you have a residential property that you don’t need for residence, and want to capitalize on it? It might not be a bad idea to convert it into a commercial property. If you are already planning to do that, we have you covered. Business district: The CEO of Dream Ambassadors, Saleem Ghouri, said that even outside of these companies, not every property or building could be converted into commercial real estate. Muhammad Shafi Jakvani, CEO of Citi Associates, said that in larger cities such as Lahore, Karachi, and Islamabad, this would only be possible in the areas defined and reported by the local authorities as trading districts. If you would like to find out if you can market your property, contact the local authority in the city where your building is located. These business districts are generally around some of the main streets and avenues. Social order and transformation: You simply cannot turn the residential property into the commercial property if you live in organized, closed societies that have their own statutes. The provision, on the other hand, is included in the statutes of almost all of these companies, so this is generally not an option, especially for some larger projects such as the Defense Housing Authority (DHA) or Bahria Town. Permissions: In areas that have not yet been designated as a business district, the guidelines differ between cities. This is not allowed in some cities at all, while in other cities such as Lahore, the marketing of the residential property by the authorities can be allowed. However, a permit from the development agency must be obtained to ensure that the property is not used for purposes that may be detrimental to the surrounding residential area. No-Objection Certificate (NOC) must also be obtained from neighboring neighbors - who are located immediately to the left, right and back of the commercial property. Advertising: Ad must be placed in one of the newspapers to promote the owner's intention to commercialize the property. If no one publicly objects, the owner can proceed with the conversion. Documentation and fee: Once all these phases have been completed, you can contact the development agency to initiate the paperwork and process. There are two options at this point: annual or permanent marketing. According to a news report, an annual conversion must be renewed each year for a fee that represents only a small percentage of its total trading value - 1.26%. In the case of a permanent conversion, the fee varies depending on the area and commercial value. In Karachi, it can vary between 4,000 and 16,000 PKR per square meter, while in Lahore it can range between 5 million and 15 million PKR per channel. The demand for commercial real estate is growing. The incredible number of shopping centers and squares that have sprung up throughout the country testify to that. However, the demand is not met in many places. In such cases, converting the residential property into a commercial property may be the only option. Moreover, because of its higher return on investment and its value, which can increase two to four times depending on location, it is an option that many would like to consider.

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Best Builder and Construction Companies in Karachi

Best Builder and Construction Companies in Karachi

This is the updated list of best builders and construction companies in Karachi, find the best builder and construction companies in Karachi here. Jevedan Corporation Limited(Construction Company): NayaNazimabad is a city especially designed for the advanced middle class. Built on the idea to offer a lifestyle that corresponds to peaceful coexistence. It is the beginning of a thought that a home should be a home of serenity, rest and relaxation, and we will certainly realize it in NayaNazimabad. That's why we call it a sign of pride. The company and its management, along with the support of its skilled employees, are working to create a model city in which the collective consciousness of society has been transgressed and reflected in its physical environment. NayaNazimabad is the beginning of a thought based on social innovation that enhances life and provides a haven for a greater vision and a progressive middle class. The project is based on a concept of living, working and playing and will contribute to society by providing education, health care, physical fitness and employment opportunities as well as peaceful living for its residents. Management is confident that this new business not only contributes to the company, but also generates additional revenue for the company and its shareholders. Lakhani Builders : Lakhani Builders is well-known for its experience, expertise and integrity among Pakistani builders. Lakhani Builders is a great mix of skilled engineers and perfect architects who do their job with all the professional working methods they've ever known. He was the managing director himself. The graduate civil engineer began his career as a civil engineer with a well-known contractor in Karachi. Having gained the full confidence of his previous parent company and completed the project, he himself set up his own construction company, which is no easy task for him in those days in any way, but with firm conviction he started his first project as Lakhani Heights in the busy city Karachi. The success of this project is well illustrated by the fact that it was booked in one day. Given the above fact and success story, it's fair to say that their other projects, such as Lakhani Pride & Shopping Mall, Lakhani Excellency, Ajmer Pride and the shopping mall, will all be equally successful. Our other upcoming projects are Lakhani Corner, Lakhani Center & Lakhani Heaven etc., where we deeply seek your affection. Sukoon.com.pk (Construction Company): Sukoon.com.pk is an online platform where people looking for home and household repair services can be brought together with high quality, pre-audited, independent workers. From electricians to plumbers and carpenters to painters, Sukoon instantly offers the best, safest and most affordable professionals. Sukoon.com.pk is Pakistan's first online platform for connecting people looking for household services with high quality, pre-audited independent workers. From home cleaning to home improvement, Sukoon instantly offers you the best, safest and most affordable professionals. With a seamless booking process, a simple payment method, and a 100% customer satisfaction guarantee, Sukoon is the smartest way to ensure that customers have the best possible experience, each of their employees is personally reviewed and undergoes extensive background checks. Currently, they provide employees for the following categories: 1) Carpenter 2) Electrician 3) Flooring 4) Painters 5) Plumber Their goal is to provide the best, safest and most cost-effective resource for your home-repair, maintenance and errands at your fingertips with a 100% money-back guarantee if you are not satisfied. The Real Marketing (Builders): The Real Marketing was founded in 2001 and has made extraordinary progress in the construction industry. The Real Marketing had the pleasure to market projects throughout Pakistan, over 200 projects in Karachi. South Asian Resources Group(Construction Company): Founded in 2003, the group has evolved from a unit to a multi-business house with interests in diversified areas. SARG's core teams of professional, experienced, skilled and dedicated employees have together ensured that the Group remains at the forefront of developments and breakthroughs in the industry. One of the Group's greatest strengths is its versatility in launching its products and services to provide its customers with ideal and affordable solutions. Group's quality program is strictly adhered to and followed, and is the cornerstone on which the Group's successes have been built. With several groundbreaking innovations, the group has also partnered with several world market leaders in various fields to gain access to proven international technologies. With its five large companies, SARG offers a comprehensive range of products and services that is as diverse as it is impressive. A world-class marketing team with a dynamic nationwide presence ensures that SARG is never too far away for its customers. Ghani Builders and Developers: Ghani Builders & Developers (Pvt) Ltd is one of the most trusted names in the real estate and construction sector. Mr. Jawed Iqbal started it in 1998 and since then the company has flourished day by day, implementing a growing number of its construction and development projects. During these years, the company has built a more reliable relationship with individuals, companies and other foreign investors. In addition to real estate development, Ghani Builders & Developers also has a complete home finance, building construction, project cost and marketing, industrial structures, consulting, property measurement, valuation and reporting setup. Ghani Builders & Developers has looked after thousands of clients, for construction, commercial, housing, office and rental properties, etc. The pride of the company is the most experienced and honest staff who works with dedication and delivers the best of the other real estate clients. Areas of expertise: Bounded Warehouse and Storage Facility Provider building design Building construction Urban planning & development Marts Sales & Marketing Property valuation Project Costs & Marketing Residential and business projects State of the art shopping centers Feasibility study interior design partnership projects Home financing project commitment. Total Electrical and Communication Company: Infrastructure System Integrator and Electrical Construction Company founded by professionals to fill the gap of "true professional and high quality services" in the IT and electrical contracting market. At TECC, they put special emphasis on time, techniques, methodology and technology and offertheir customers the unsurpassed quality standard. According to TECC, We see ourselves as a "project partner" of our customers. Our employees attach great importance to recording your needs in accordance with your project in connection with its successful completion. Based on our extensive experience in the development and dynamics of the local market as well as a deep understanding of the technology trend, we are competent enough to recommend practical and profitable solutions to our customers. Our valued customer finds the one-window solution in the field of electrical, communications and security solutions.

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Top Property Lawyers Pakistan Real Estate

Top Property Lawyers Pakistan Real Estate

Ahmed and Partners: Ahmed & Partners is an advanced, dynamic, and customer-focused law firm whose mission is to transform the provision of legal services to deliver true engagement, quality legal representation and advice, and above all value to their clients. We provide specialized, cost effective and comprehensive legal services to businesses and individuals in a variety of areas including banking and finance, including Islamic finance, corporate, commercial, transaction and employment, litigation and dispute resolution in civil and commercial matters, property and mediation, intellectual property and taxes. Vellani & Vellani: Vellani & Vellani, a corporate and intellectual property law firm, was founded in 1937. They offer legal services including consulting services for companies and other clients. Some of the areas include finance, taxes, mergers, acquisitions, divestments, syndicated loans, licenses and technology transfer, start-ups and joint ventures. The company also provides intellectual property services related to trademarks, patents, designs, copyrights, licenses and domain names. Irfan Mir Halepota & Associates: Ahmed Ali Dewan & Co works with expertise and considerable performance. The company provides intellectual property rights services in all countries of the world as well as civil, criminal and constitutional law services. Ahmed Ali Dewan and Co: Ali & Associates is an internationally recognized Pakistani law firm specializing in intellectual property, media and information technology laws. The firm is also highly respected for its litigation practice and has represented a large number of clients, including some of the largest national ones. Ali and Associates: Ali & Associates is an internationally recognized Pakistani law firm specializing in intellectual property, media and information technology laws. The firm is also highly respected for its litigation practice and has represented a large number of clients, including some of the largest national ones. Azimuddin Law Associates: The Karachi Lawyers Association of Pakistan wants to make the ordinary people and those who are really greedy by law more and more aware of the law. And Azimuddin Law Associates offer their customers maximum free legal advice. This is the sole legal reason that advises customers for free. Munir & Munir Associates: Munir & Munir Associates strives to consistently work in the intellectual property space to deliver high performance and the best possible satisfaction of their customers and employees. Their practice covers all aspects of registering trademarks, patents, designs, copyrights, domain names and litigation. Real Estate in Pakistan: Property in Pakistan is a growing industry in Pakistan. Pakistan Spends $ 5.2 Billion a Year on Construction. In addition, billions will be spent on the purchase of residential and commercial land. According to the Pakistan Bureau of Statistics, construction output is 2% of GDP, with less than half of housing construction. With the increasing urbanization in Pakistan, the need for urban planning is growing. GDP from construction in Pakistan enlarge from 320769 million PKR in 2017 in 2018 to 343183 million PKR. The average construction industry output in Pakistan amounted to PKR 247,347.62 million from 2006 to 2018, reaching an all-time high of PKR 343183 million in 2018 and a record low of PLN 186380 million in 2006. Demand for residential real estate in Pakistan increased in 2010, raising interest among real estate developers and investors. Since prices have exceeded 10 million PKR, new housing developments are often targeted at the upper middle class. The Pakistani government announced in 2012 a cut in interest rates on mortgage credit. The Pakistani real estate industry generates sales with Pakistan from Germany and abroad. This sector has been denied marketing and technology - there is not a single brand with offices across Pakistan. The problems that people face in this sector are also related to safe and smooth transactions. Portals are now on the market to provide better facilities in this sector, and they are initiating awareness raising campaigns on real estate issues through characters such as PAT the Patwari. PAT explains the real estate terminology and helps people solve the problems they face in the real estate industry. Another development in this area is the introduction of fairs and festivals. Not only are these festivals a platform to buy and sell, they also provide the opportunity to learn about the market, draw attention to the real estate industry, and entertain the children and families present.

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Forecasting Necessities of Life in Pakistan

Forecasting Necessities of Life in Pakistan

It's such a long time for every Pakistani, and we as a nation are at the peak of our capacity to absorb any change that comes out. A bit of reinforcement in terms of some intrinsic rewards can further ensure the desired behavior of masses. Petrol, Oil and Gas: Petrol prices in Pakistan 2019 - Petroleum is a key product used in every industry. From motorcycles to cars to trucks, gasoline is used as fuel to keep them moving. Gasoline prices are not constant and vary due to many factors. Gasoline prices in Pakistan are influenced by various factors such as the global economic situation, global oil price fluctuations, and so on. It should be noted that it has previously been pointed out in the media that oil consumers may have to anticipate a rise in the price of high-speed diesel (HSD) by Rp. 2.30 per liter in July 2019. However, they could get some relief from the gasoline price. The Oil and Gas Regulatory Authority (Ogra) advised the government to cut gasoline prices by 0.77 rupees per liter and increase the HSD price for July 2019 by 2.30 rupees per liter. High-speed diesel is widely used in agriculture and the transport sector, and an expected increase in prices would have a direct inflationary impact on the masses. The increase in the price of diesel will push up the inflation rate. Ogra had also proposed an increase in the price of light diesel (LDO) of 0.26 rupees per liter. This product is used in industry. If the proposed increase in price is approved, the rate jumps to 88.88 rupees per liter over the existing 86.62 rupees per liter. The regulator had recommended lowering the price of kerosene oil by Rs 2.94 per liter. Kerosene oil is used for cooking in remote areas where liquefied petroleum gas (LPG) is not readily available. If the recommendation is approved, the price of kerosene oil will drop from 98.46 rupees per liter to 95.52 rupees. If the government agrees to the proposed increase in the HSD price, the rate of currently 126.82 rupees will rise to 129.12 rupees per liter. On the other hand, if the price is lowered, gasoline costs Rs 111.91 per liter compared to the current Rs 118. Water: Pakistan could "run dry" by 2025, as its water shortage reaches an alarming level. The authorities remain negligent in relation to the crisis, which poses a serious threat to the stability of the country. Water is becoming increasingly important for people's livelihoods. In addition, Pakistan is absolutely dependent on water resources as they fuel agriculture. Likewise, economic growth and the promotion of agriculture and the economy lie in water availability. The depressing fact, however, is that Pakistan is currently facing a severe water shortage. Pakistan has the fourth highest water use rate in the world. The water intensity rate - the volume of water in cubic meters consumed per unit of GDP - is the highest in the world. This suggests that a country's economy is not as water-intensive as Pakistan's. According to the IMF, annual water availability per capita in Pakistan is 1,017 cubic meters - dangerously close to the scarcity threshold of 1,000 cubic meters. In 2009, water availability in Pakistan was around 1,500 cubic meters. There are several reasons for this extreme water scarcity, including the lack of water reservoirs and reservoir dams, water waste, and poor water resource management and conservation practices. On the other hand, climate change is also a major cause of water scarcity in Pakistan, which has led to a drought-like situation in rural and remote areas. Experts say that population growth and urbanization are the main causes of the crisis. The problem has also been exacerbated by climate change, poor water management and a lack of political decisions will to tackle the crisis. "Pakistan is approaching water scarcity”. Electricity: Pakistan faces many serious problems due to the power crisis. As the economy of Pakistan also suffers from a crisis due to the current crisis, the value of the rupee is sinking. The small Pakistani manufacturing markets are strongly affected by the rise in energy prices. The manufacturing sector uses 33% of the production costs in terms of energy prices. An increase in energy prices leads to an increase in production costs and thus to a reduction in labor costs. Pakistan's home industry is breathing its last breath and the textile industry, one of Pakistan's major industries, is in trouble. Fuel prices have a huge impact on the electricity crisis as 60% of electricity generated is produced by kiln oil. If WAPDA and KESC buy electricity at a higher cost, they are unwilling to sell the electricity if lost. They continue to reduce their load without worrying about how the country can do without electricity. Pakistan's Net Electricity Energy Consumption: Power Sector Pathways for Pakistan are developed in this paper to present future challenges and aspects related to its prediction and planning based on modeling tools. Important pathways will be followed for further studies to predict the focus on energy sources for power generation. Three scenarios (BAU, NC & GF) will be discussed over a period of 20 years (2011-2030). The results of these scenarios will undermine our focus on fossil fuels or renewable energy for future efforts. The result will predict the energy sector by 2030 based on the growth of electricity consumers, level of activity, final energy intensity, projected growth and other factors. Therefore, the overall result will indicate efficient factors for the future evaluation of energy planning strategies. The result also provides a vision for other developing countries in the region to develop a strategy for the massive expansion of renewable energy.

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What is the best time to sell your home

What is the best time to sell your home

Remember, if you want to sell your house as soon as possible, the price must be correct and in the best possible condition on the day of its introduction. If you want to market your home in 6 months, 3 months or a month, you should start working at your home. You have to compete with other real estate sellers in the market and win buyers. And let me tell you that buyers expect a flawless home that gives them the feeling of being ready to move in. Make your home as immaculate as possible, confuse it and decorate it as often as possible. Note The Condition And The Price Of The Property: This is about the condition of your home, and when it comes to pricing, a professional broker can give you a clear idea of ??it after analyzing the competitive market and based on the homes recently sold in your area to your home and that fits those who are previously sold in the market. Keep in mind that it will take longer for buyers to be overpriced for their home. After all, you have to lower the price, and the buyers see it as if it had been on the market too long. Seasonal Influence: They may not refer to it, but experts believe that the seasons affect the real estate market. For example, in the winter, when the year comes to an end, people stop investing and wait for the beginning of the New Year. Likewise, summer slows down activity as people wait not only for the end of the searing heat but also for the announcement of the annual budget. Similarly, activity in the holy month of Ramadan slows down in the same year. However, this does not mean that you should only sell in the spring. Note, however, that in the above-mentioned season, fewer buyers are looking for houses. It is also right that you will have less competition. Regardless of when you bring your house to market, you should always have backup plans with you if the property lingers on the market. Image Title: What is the best time to sell your home?

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US Dollar reaches the all time high in Pakistan

US Dollar reaches the all time high in Pakistan

The equilibrium rate is one that the market naturally enters without government interference. The only way for the government to keep the value of the Pakistani rupee above equilibrium is to sell dollars at a more favorable rate, which artificially increases dollar supply and lowers the equilibrium price. Policy of Overvaluation: The policy of overvaluing the Pakistani rupee is equivalent to a flat rate subsidy on all imports. Anyone who buys $ 100 will receive $ 90 from private sources who want to buy Pakistani rupees, while $ 10 will come from the government. This, of course, makes imports cheaper as the government pays part of the bill. While it sometimes makes sense to make strategic collateral imports, it can never be too tricky to grant flat-rate subsidies on all imports. In Pakistan, however, this has been the case for several decades. Governments have maintained significantly overvalued rupees and effectively lent dollars to subsidize all imports. This is the simple explanation for the IMF, although experts who are considering this matter have mistakenly blamed many other factors. We want to investigate why this has happened, what are the consequences are and how the problem can be solved. Side Effect of Overvaluation: One of the deadly consequences of overvaluation is the build-up of negative value-added industries that only make profits through state import subsidies. For example, our oil czars import oilseeds from Brazil and Malaysia, as growing their own sunflower costs more! Worse, overvaluation prevents the creation of valuable industries. Pakistani efforts have failed because overvaluation makes imports. China, Japan, and East Asian countries are pursuing the opposite policy of undervaluation in order to industrialize. When they become expensive due to overvaluation, it is worthwhile to set up domestic industries that can compete successfully with imports. The creation of indigenous industries is an important step towards industrialization. The domestic economy will never learn to produce when it is cheaper to import goods at prices that are subsidized by government loans. Long-term health and economic prosperity require either fair or undervaluation. The current policy of overvaluation is based on the inclusion of dollars to subsidize imports and cannot be sustained in the long term.

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