I agree with you, but I wonât call these people investors. They are hoarders, creating an artificial shortage of vehicles in the market, and there is a lot of black money involved in it.
Similarly, people used to invest in the property, making an artificial shortage of the property, and then they used to sell it for a huge profit without declaring the actual transaction value to the revenue authorities.
Since you have to transfer the property in your name after buying it, even if you are buying it for investment purposes. The government increased the transfer of ownership charges, imposed tax, increased the property value in the government record, etc. There was a lot of black money involved in it, FBR became more vigilant due to FATF sanctions, prices went too high, and the property bubble burst.
The same property investor mafia started investing in the automobile sector, not through the stock exchange, or buying stocks, but directly booking the vehicles, creating an artificial demand and supply gap, then selling these vehicles against a hefty PREMIUM amount. Though the government imposed a heavy tax or fine in the recent mini-budget for such investor cars, they have found another way around this.
For me, an investor is a person who legally invests their money in the stock exchange or SECP approved investment schemes. An investor doesnât create an artificial shortage of products from the market for their benefit.
Hoarding is prohibited in Islam as well.
