Real estate has become the focus of foreign investment

Pakistan has a rather generous policy on foreign investment. With the influx of a large number of foreign funds, lucrative and high-return real estate has quickly attracted the attention of foreign investors. Large numbers of companies in the Gulf countries that hold huge oil dollars are eyeing the Pakistani real estate market and many of them have entered this area by forming joint ventures with local companies. In addition, many companies in Thailand, Singapore and other places also showed their strong interests and came to inspect them one after another.

Pakistan and China have already started a five-year economic and trade cooperation framework. To speed up economic development, Pakistan has identified some important areas including real estate as Chinese investment targets. In recent years, Chinese enterprises have invested in real estate projects in Pakistan as well. According to the media reports, about 20 Chinese companies said they would invest in the recently proposed Haier-Ruba Economic Zone. In addition, Punjab has already allocated as much as 200 hectares of industrial land to Chinese investors in Faisalabad. The industrial complex worth 4.25 billion rupees (about 70 million U.S. dollars) will be the country's largest industrial park.

At present, foreign investment in Pakistani real estate is also mainly concentrated in star hotels, office buildings and shopping malls and other large facilities. However, analysts believe that the government should encourage and guide foreign investors to invest funds in low-cost housing projects to ease the growing shortage of housing in Pakistan. Chinese companies are also taking the lead in seizing this opportunity. At present, a Chinese company is planning to participate in the project of building over 10,000 housing units for low-income people.

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Before investing fully study the feasibility

However, most of the delegations who visited Pakistan were not able to read the following articles. Analysts think this is mainly for security reasons. In the past two years, Pakistani engineers have been kidnapped or attacked by Chinese engineers, causing casualties.

Experts here suggest that before investing, the feasibility of investment projects should also have a clear understanding. For example, Islamabad is a typical planning city. Its houses are basically single-family houses. Similar to the nature of villas, few apartment buildings appear. In addition, the investment real estate also needs strong financial support. The Tammy Group invests in just 6.6 acres of the building complex, which cost the company 6.6 billion rupees. The cost of these buildings was originally estimated at 250 million U.S. dollars and was later increased to 300 million U.S. dollars in order to enhance earthquake resistance and adapt to Pakistan's conditions.