Pakistan’s real estate sector booming but growth not showing on PSX

ISLAMABAD / LAHORE / KARACHI: Pakistan’s construction and real estate sectors are booming, but the growth doesn’t show on the country’s stock exchange.

A strict taxation regime has meant many mega projects have either been shelved or gone ahead without the blessing of equity investors.

“At least eight mega projects in the real estate sectors worth approximately Rs80 billion have shelved plans to get listed at the Pakistan Stock Exchange (PSX) in the last two years,” Arif Habib Dolmen REIT Management Limited Chief Executive Officer Muhammad Ejaz told The Express Tribune.

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