Not necessarily. Maybe land prices in Pakistan are falling but in Kashmir as far as I know they are increasing. I know this because I have family that live in that region who are doing just that!
Also, you might also fail to realise that land is an asset, like a house. Prices may fall but you would always get your monies worth out of it in the long run. Unlike shares, bonds, currencies and commodities. Take this from me, I have a few investments in those areas.