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December 14, 2010

Pak housing industry poised for a surge: Kakar

Sports

December 14, 2010

Islamabad
Federal Housing & Works Minister Rehmat Ullah Kakar has said Pakistan’s housing industry is poised for huge investment opportunities led by a demand for over eight million housing units from the country’s burgeoning population.
“We foresee greater foreign direct investment which has already picked up in the country, having contributed nearly 30 per cent to the overall investment recorded in the housing sector during the last five years.”
He stated this while addressing an Emaar Pakistan delegation, headed by Matt Cronje, Country General Manager. The minister observed that the growth in foreign direct investment in Pakistan had been fuelled by pro-investment policies and the possibility of good returns and economic gains in the housing sector, which had been a major factor behind international players further expanding their operations in Pakistan.

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