Dhudial: Due to stabilising macroeconomic indicators, lowering interest rates, ever increasing population and rising tourism industry, real state sector in Pakistan is expected to flourish in 2025 “
said senator Lt Gen Abdul Qayyum HI(M) while addressing senior Business leaders of twin cities of Islamabad Rawalpindi . The General who successfully ran two Pakistan’s largest industrial plants of POF and Steel mills for nearly a decade went on to say that top priority in the real state sector will go to residential high rise buildings, hospitality sector and infrastructure for tourism specifically in the hot spots of Galiat areas of Muree. Real State expected market volume in 2025 will be about 200 Trillion dollars including 1.3 trillion dollars for housing industry. Sectors in which real state business is expected to flourish include residential, commercial, fix and flip and rental accommodation for short term vacations. This the General said may happen despite international recession in which global growth has come down from 6 percent in 2021 to 3.3 percent expected in 2025 as per IMF assessment. Global economic situation has mainly been affected by inflation, food insecurity, Ukrain war, soaring energy prices , mounting debts and uncertain geopolitical environments. The General appealed to big real state magnets to ensure addition of universities, IT centres and technical training institutes in all housing colonies to promote skill based education.