2024 might be the year to fight inflation’s impact on everyday spending and saving in Pakistan. Internet users are particularly eager now to shift their attention towards investing in financial tools that might assist in mitigating inflation’s effects. Investment options in Pakistan are often surrounded by ambiguity and myths. However, Strategic idea aligned with a financial strategy help to achieve your life goals.
Whether you have short-term or long-term goals, it’s important to know your financial goal and choose a plan wisely. Presented here is a list of the leading investment options in Pakistan, arranged in order of the level of risk they entail.
Invest in stocks
Currently, investing in stocks is considered one of the top choices in Pakistan. The country has been celebrating some big financial wins, with profits reaching a 10-year high. Nevertheless, like any business move, stocks come with risks.
Still, stocks can be super successful investments. You just need to be smart and know how the stock market operates. Even though pricey stocks can be risky, they often bring in big returns. If you’re new to this, it’s a good idea to team up with a broker before diving in. They can guide you through the process and help you make informed decisions.
Real estate investment
Real estate is seen as the go-to choice for investment options in Pakistan, believed to be both popular and profitable. Many people here prefer putting their money into the property if they’ve got enough saved up as it brings in good and steady profits. In a country like Pakistan where the population continues, the demand for homes stays strong.
Also read: Real Estate Investment in Pakistan : Key Decision Influencing Factors
It’s a good idea to keep an eye on market prices and sell your property when it’s worth the most. You can stay updated on real estate trends, tips, and tricks through blogs and news. Despite what some people might say, real estate is actually a pretty safe bet in Pakistan. When you invest in property, you own it outright, and over time, its value tends to go up, giving you solid returns on your investment and a better resale price.
Gold Investment
Things come and go in value, but this timeless asset never loses its worth and never goes out of style. It is everyone’s all-time favourite way of investing money, and let us be honest, it is safe & rewarding.
Gold is considered to be a great hedge against inflation as well. As the Pakistani rupee continues to fall free against the dollar, gold has emerged as particularly safe. Under current market conditions, it is advisable to invest in gold biscuits or coins with better returns. Unlike real estate, you need low to moderate investment for Gold. Similarly, the return you get will be moderate.
Prize Bonds
A secure investment choice, prize bonds provide a set interest rate that is paid out gradually until maturity. The consistency of returns can partially compensate for the volatility of share prices. Additionally, it helps the economy manage its financial flow, which promotes improved methods of controlling inflation.
The Pakistani government offers Treasury bonds with a current yield of up to 13.257%, starting at 100 Pkr. Bonds are another option in place of cash. There is very minimal chance of loss or risk because the government guarantees it. Our older residents have been using it as their go-to saving method for decades since it works for them.
Personal skills
Investing in skill enhancement or learning new skills is an underrated concept in Pakistan. However, it stands as one of the most dependable and rewarding investment options in Pakistan you can make in your lifetime. You can allocate your resources towards refining your existing personal skills or acquiring new ones, thereby enhancing your earning potential.
Suppose you possess culinary skills; you could initiate a small-scale food enterprise with minimal investment. All it takes is identifying your skill set, polishing it, and leveraging it to generate income.
So, figure out what you want to save or invest for before you put all your money in it. Have a plan & Start with a clear mindset based on a specific goal in mind as it makes it easier for you to keep track of your progress and let you know when you can splurge and when you can hold off your finances.
