Pakistan Seeks Chinese Expertise to Boost Real Estate Sector

Pakistan Seeks Chinese Expertise to Boost Real Estate Sector

Islamabad:The real estate sector of Pakistan is destined to be transformed by leveraging Chinese expertise. The collaboration could bring a much-needed push for the country`s economy while injecting the sustainable equation into the property development sector. Dr. Liaquat Ali Shah also expressed his positive remarks in the said direction. He emphasized that Chinese firms have been actively contributing to their country. He also said that building infrastructure eco-friendly and natural disaster-resilient infrastructure could greatly add to the country`s profile. Such measures will also alleviate the living standards of the citizens.
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The steps will also be aligned with the global sustainability and eco-friendly push. Joint efforts between both countries will meet a range of objectives. Dr. Liaquat Ali Shah also said “Over 5,000 skilled Chinese engineers and workers collaborating with their Pakistani counterparts on CPEC projects. That’s a powerful blend of experience and local knowledge!”. However, there are many hurdles in achieving such objectives. But collective efforts and a strong commitment will surpass any bumps in the way. Recently, the real estate sector of Pakistan has contracted 5.5% due to political and socio-economic conditions. This slow progress was shown in the SBP Annual Report 2023.

Partnership with China poses a great path ahead for the people of Pakistan and the real estate sector. Coming up with sustainable solutions for the industry will be the foremost challenge of the collaboration. Embracing the result-oriented footprints of China will help Pakistan build not just the infrastructure but also offer a better future.