Why Islamabad is best for Real Estate Business and Investment?
There is no doubt that Islamabad is the most popular city for real estate investment in Pakistan. The city offers a prime location, ample opportunities for business and investment, and a growing population that is attracting new investors every day. Here are some of the top reasons why Islamabad is the best place for real estate business and investment.
1. Prime Location
Islamabad is located in the heart of Pakistan and is easily accessible from all parts of the country. The city is also well connected to major international destinations via air, land, and sea routes. This makes Islamabad an ideal location for businesses and investors looking to reach a large market.
2. Robust Economy
The GNP (Gross National Product) of Islamabad is around $7.2 billion, while the equivalent figures for Karachi and Lahore are $62 billion and $48 billion, respectively. According to experts, this shows that the economy of Islamabad is growing at a faster rate than other cities in Pakistan.
3. Economic Growth & Development
Islamabad is one of the most rapidly growing cities in the country. The city is home to a number of important government institutions, which are responsible for driving economic growth and development. In addition, Islamabad also has a large number of private businesses that are contributing to the economy.
4. Growing Population
The population of Islamabad is rapidly growing and is expected to reach around 10 million by 2025. This presents a huge opportunity for investors looking to tap into the growing demand for real estate in the city.
5. Ample Opportunities for Business & Investment
Islamabad offers ample opportunities for businesses and investors looking to start or expand their operations. The city has a thriving economy and a large consumer base.
6. Growing Middle-Class Population
The middle class population is growing rapidly in Islamabad, which is why it presents a huge opportunity for businesses. The city offers plenty of opportunities to both local and foreign investors looking to explore new markets.
7. Low Cost of Doing Business
Islamabad has low costs for conducting business, making the city a great location for entrepreneurs looking to start a new venture. The city is also home to a number of incubators, which make it easier for startups to grow and develop their business ideas.
8. Political Stability
Over the years, Islamabad has remained politically stable with no major security or political issues, making it an ideal place for both local and foreign investors.
9. Connectivity via Road, Rail & Air
Islamabad is well-connected to the rest of the country through various means of transportation. In fact, it is also connected to major international destinations as well as neighboring countries such as Afghanistan and China. This makes it an ideal location for businesses that wish to expand their operations.
10. Economic Zones & Industrial Parks
The Islamabad Chamber of Commerce and Industry (ICCI) is promoting economic zones and industrial parks in the city, which are expected to create an estimated 50,000 new jobs over the next few years. This makes it a great spot for setting up a business or investment venture in the country’s capital.
11. High Return on Investments
According to a study by the Karachi Chamber of Commerce and Industry (KCCI), Islamabad witnessed an increase in foreign remittances every year. In addition, the city has a large number of migrants from across Pakistan seeking employment opportunities, which is why it makes for a lucrative investment option.
12. Universally Accepted Currency
The Pakistani rupee is a universally accepted currency in Islamabad, making it easy for businesses to transact with local and foreign customers.
13. Well-Developed Infrastructure
Islamabad has a well-developed infrastructure, which includes an efficient transportation system, good healthcare facilities, and ample educational opportunities. This makes the city an ideal place for businesses and investors looking to set up a new venture.
14. Tourist Attractions
Islamabad is home to a number of tourist attractions, which include the Faisal Mosque, Margalla Hills National Park, and Pakistan Monument. This makes the city a great destination for tourists and helps to boost the local economy.
15. Safety and Security
Islamabad is a safe and secure city with low crime rates. This makes it an ideal place for businesses and investors looking to set up or expand their operations.
Overall, Islamabad presents a great opportunity for businesses and investors looking to invest in the real estate market. The city has a thriving economy, a growing population, and ample opportunities for business and investment. In addition, Islamabad is well-connected to the rest of the country and the rest of the world, making it a great location for businesses looking to expand their reach.
Some FAQs about Business in Islamabad
What is the best business in Islamabad?
The best businesses in Islamabad are those that cater to the city’s growing population. This includes businesses in the real estate, retail, and hospitality sectors.
What is the cost of doing business in Islamabad?
The cost of doing business in Islamabad is relatively low compared to other major cities in Pakistan. This makes it a great location for entrepreneurs looking to start a new venture.
What kind of business opportunities are available in Islamabad?
There is a wide range of business opportunities in Islamabad, including those related to real estate, retail, logistics, and hospitality. The city has several well-established businesses as well as small mom-and-pop stores.
How can I find property for sale in Islamabad?
There are a number of ways to find property for sale in Islamabad. One option is to search online through various real estate portals. Another option is to contact a real estate agent who can help you find the right property for your needs.
What is the business climate like in Islamabad?
The business climate in Islamabad is favorable, particularly for businesses that cater to the growing population of young professionals in the city. The city has a number of economic zones, which are creating several job opportunities and attracting businesses from across Pakistan.
What is the cost of living like in Islamabad?
The cost of living in Islamabad is relatively low when compared to other major cities in Pakistan. However, it also depends on the lifestyle choices of an individual.
How much investment is required to start a business in Islamabad?
The amount of initial investment needed to start a business in Islamabad ranges from PKR 10,000 to PKR 200,000. Depending on the type of business you want to start, you may also need further investments in the form of equipment, inventory, and manpower.
What are the taxes applicable to businesses in Islamabad?
The taxes applicable to businesses in Islamabad include income tax, withholding tax, and sales tax.
What are the business hours like in Islamabad?
The business hours established by local laws for different types of businesses apply to those doing business in Islamabad. Most businesses follow a 9-to-7 workday routine with an hour lunch break.
Islamabad is a bustling city and one of the most developed in Pakistan. The city presents great opportunities for business and investment, particularly in the real estate market. There are several economic zones and office spaces catering to different types of businesses, which makes it a vibrant location for entrepreneurs looking to start or expand their venture.
As far as taxes go, as a resident of Pakistan you are taxed at the end of every financial year (1st July – 30th June). For businesses, this will mean filing an annual tax return and paying applicable taxes, although there may be other forms to make payments depending on the type and size of business.