Pakistan’s economy is showing indications of recovery after being in the shadows for two years. The data is preliminary, and this isn’t the roar of an awoken lion; rather, it’s the cooing of a bird sensing some protection in predatory situations. Much of this comeback — higher GDP growth rates, increased credit usage, and expansion in segments of the economy like agriculture and large-scale manufacturing — would not have been possible without the help of Pakistan’s real estate sector.
Demand for all of big construction’s linked sectors — around 18 of them — has risen, forcing cement mills to work extra.
The administration of Imran Khan believes that this activity would pick up again in a year, closer to the next elections, when not only the super-rich, but also the middle and lower middle classes begin to participate in real estate transactions.