Property Prices Crash
PESHAWAR/ISLAMABAD: Property prices and house rents crashed in Peshawar as Afghan nationals started selling their properties.
On Thursday, the first batch of more than 350 Afghan nationals was sent back to Afghanistan.
More illegal Afghan nationals are being expelled from Pakistan in the coming days. This process has triggered the selling of Afghan nationals’ belongings before returning to Afghanistan.
This exodus has led to a reduction in real estate prices and a decrease in house rents in various cities across KP.
It’s worth noting that the caretaker government of KP has established committees to conduct geofencing of businesses owned by Afghan nationals and identify Afghan nationals residing in the country illegally.
Meanwhile, in a meeting in Karachi, the army chief and other senior officials vowed to expel illegal Afghan citizens.
Chief of Army Staff General Asim Munir received a briefing on the “repatriation of illegal foreigners” and other issues at a Provincial Apex Committee meeting.
Property prices crash in Peshawar after deportation of illegal Afghans.
According to ISPR, the meeting addressed topics such as the revised National Action Plan, operations in the Kacha (riverine) area, security measures for foreign workers engaged in China-Pakistan Economic Corridor (CPEC) projects in the province, and other private initiatives. Sindh Caretaker Chief Minister Justice (retd) Maqbool Baqar also attended the meeting.
The ISPR further stated that the high-level discussion also provided an update to the army chief on foreign currency regularization measures, the Karachi Transformation Plan, Progress on the Special Investment Facilitation Council (SIFC) initiatives, and the Green Sindh initiatives.
General Munir, during the event, expressed the government’s and law enforcement agencies’ commitment to combat illegal activities in the country.
The army chief emphasized that law enforcement agencies and government departments would continue their actions against a range of illegal activities with full force, aiming to prevent resource pilferage and economic losses that the country incurs due to such activities.
He stressed the necessity for collaboration among all relevant departments to ensure the successful implementation of these significant initiatives.
The participants reaffirmed their unity in working towards the progress and prosperity of the province, as per the ISPR.
