KARACHI: The housing and construction sectors were identified as the primary factors for economic recovery by State Bank of Pakistan (SBP) Governor Reza Baqir.
To ensure economic recovery and promote related activities, the government and the central bank introduced policies and incentives for builders, developers, and commercial banks.
In addition, positive trends have been witnessed in steel sales, with record-breaking cement sales registered after Prime Minister Imran Khan unveiled the construction relief package to boost the economy, added Governor SBP.
As per the Pakistan Bureau of Statistics (PBS), the construction sector marked a growth of 8.1 per cent in the last fiscal year, before a significant contraction of 16.8 per cent in FY2019.
“A healthy revival has been observed with over a billion-dollar committed for new investments over the last four months,” SBP Governor SBP Reza Baqir further added.
Earlier, the SBP Monetary Policy Committee (MPC) kept the interest rate unchanged at 7% for the next two months as the domestic activity indicators showcased a positive trend, despite the outbreak of the COVID-19 pandemic.
For news and blogs, visit Graana.com.
Islamabad – The Capital Development Authority (CDA) held a meeting on Saturday to review and…
ISLAMABAD: The Federal Government Employees Housing Authority (FGEHA) is set to hold an auction for…
Islamabad – Presenting the PKR 17.57 trillion federal budget for FY2025–26, Finance Minister Muhammad Aurangzeb…
Islamabad: Federal Minister for Planning, Development and Special Initiatives, Professor Ahsan Iqbal, chaired a high-level…
Dubai, UAE – May 2025: Dubai’s real estate sector has achieved a record-breaking milestone, with…
Dubai, UAE – In a significant step toward reshaping property investment, the Dubai Land Department…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
