Insights
Reasons to Invest in Pakistan
Renowned firms predicted Pakistan’s rise among the top 25 global economies by 2030, reflecting its upward trend in growth. In Islamabad alone, average property prices have significantly surged from under PKR 5000/sqft to over 30,000/sqft since 2010. Pakistan’s real estate market, including Islamabad, demonstrates robust growth, showcasing stability and making it an attractive investment opportunity amid global market volatility.
Growth Rates Pakistan vs Developed World
The annual expected growth rate underscores the robust and competitive nature of Pakistan’s real estate sector.
Growth Rates Pakistan vs Developed World
The annual expected growth rate underscores the robust and competitive nature of Pakistan’s real estate sector.
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2024 Expected Market Prediction
These projections unveil an exciting journey of growth within the real estate sector, especially the residential domain.
Pakistan’s economy grows 2.13% in 1st quarter of FY24: NAC
Pakistan’s gross domestic product (GDP) grew by 2.13% in the first quarter of the financial year 2023-24, up from 0.96% in the same period the previous year, as per estimates released by the Pakistan Bureau of Statistics (PBS). Bloomberg’s monthly tracker indicates that activity grew by 3.2% between June and October, suggesting a positive outlook for fiscal 2024. This recovery, driven by strong agricultural output and supported by an IMF Stand-By Arrangement, has begun to restore economic confidence. Moreover, growth is projected to accelerate to 4.8% in the fiscal year 2025.
Pakistan’s headline inflation reading slows further to 20.7% in March
Pakistan’s headline inflation dropped to 20.7% year-on-year in March, down from 23.1% in February, marking the lowest level since May 2022, according to the Pakistan Bureau of Statistics. This is also the first time in over three years that CPI-based inflation has fallen below the key policy rate, which is currently 22%. On a month-on-month basis, inflation rose by 1.7%. The average inflation for July-March stands at 27.22%, compared to 27.19% in the same period last year, as reported by JS Global.
Bilateral Relations & Investments:
Amidst a significant surge in foreign collaborations, Pakistan is strengthening its economic ties on the global stage with an emphasis on joint ventures and partnerships over traditional financial aid.
Islamabad leads in Average House Prices in Pakistan
Islamabad’s real estate skyrockets by 40% YoY!
Check out the Economic Triumphs Setting the Stage and Making 2024 Pakistan’s Year to Shine!
