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Tax and customs units in Karachi were responsible for 46.75% of direct taxes, 33.65% of federal excise tax, and 23.38% of domestic sales tax according to the Federal Board of Revenue's 2006-2007 year book. Most major foreign multinational corporations operating in Pakistan have their headquarters in Karachi. In more good news for those who buy homes Karachi, The largest Stock Exchange in Pakistan is the Karachi Stock exchange and is considered by many economists to be one of the prime reasons for Pakistan's 8% GDP growth. Real estate for sale Karachi has the one of the biggest and most varied Property & Real Estate database in Pakistan. The Real Estate ranges from residential homes, luxuriant apartments to commercial options which include villas, apartments, flats, farm houses, commercial lands/plots, shops in markets and plazas and also a much more of a wide array of properties are there in Karachi. There are many Real Estate & Property Agents in Karachi who will help the buyers as quickly as possible for the best possible price of the Property. To accommodate the influx of people from other provinces as well due to the enormous rise in the population, several residential colonies have emerged in Karachi. Sell real estate Karachi is hot as there are many people coming from different parts of the world to this cosmopolitan city. The government of Karachi is making efforts to reduce taxes by as much as 10% in order to gain foreign investments in the IT sector and Call Centers for foreign companies have been targeted as a significant area of growth. Karachi faces challenges that are central to many developing metropolises as it is one of the most rapidly growing cities in the world. Securities and Exchange Commission of Pakistan (SECP) had taken major steps in order to promote the implementation of international practices in Real Estate Investment Trust (REIT) valuation. The lack of transparency is a major bottleneck in the buy apartments Karachi. Till 2010, on the sale of property to a Real Estate investment trust, the Government of Karachi announced last June that owners will get a tax holiday.
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