Re: Pakistan to build the World's tallest building in Karachi
the exact same thing it has to do with the building. private commercial venture versus public service expenditure. for all I care they can build theme parks on the beach, revolving restaurants etc.
Fact is that niether you nor I have seen the financials. how the private funding is coming about, how govt is supporting it (majority tax subsidies I would think) and what the ROI is for the developers. No one in his right mind would want to build a building that is a losing proposition. The analysts assumptions could be wrong but they ahve to do due diligence to calculate how they are making money.
The only way they are making money is if the spaces are sold/leased. which means they are being taken by businesses, which means the businesses are buying and selling goods and services, which means people must work to produce and transport the goods, deliver the services etc. they would need supplies to make the business work from other businesses etc etc.
so while a certain class may be targeted, the impact would be seen across all classes, unless you expect millionaires to be mopping floors, driving delivery vehicles, working as security, receptionists, waiters, construction workers, electricians, plumbers etc.
Ok fraudz...my bad....I just read it is private investment...:D but ya if it was sponsored by government then it would have really bothered me...
moin ul atiq... karachi is not bad choice. And stop building in karachi won't solve anything. Government needs to crack down on MQM jusk like on mullah/maddrassa in other parts of the country. And people of karachi should stop voting for MQM.