Since the outbreak of Covid-19 pandemic and the complete shutdown of all social and economic activities, the real estate trends in Pakistan 2022, surprisingly, improved because the only sector, flourishing at that time, was the construction & real estate sector in Pakistan. Push to this sector was provided by the government to carry out its two-pronged strategy.
The real estate sector still has the potential for growth and development, with untapped human resources for many reasons. Firstly, the construction sector constitutes only 2.53% of the GDP of Pakistan. Secondly, the construction sector has a high potential for absorbing the labor force, as it’s currently employing approximately 8% of the total labor force.
In finance Bill 2020, Imran Khan government granted amnesty from taxes to the construction companies and real estate property investors. The government’s motive behind this bold initiative was to whiten the black money of the elite class.
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