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January 26, 2015

Housing shortage in Pakistan reaches 9m units

Pakistan is facing shortage of over 9 million housing units as formal financial sector caters only up to 2 per cent of all housing transactions, the lowest ratio in the region.

The State Bank’s Quarterly Housing Finance Review, released on Friday, stated that there was shortage of around 8 million housing units in 2009, which has been accumulating by 0.34 million units every year (World Bank, 2009).

The report said the informal lending caters up to 10-12pc of transactions for housing.Read More »Housing shortage in Pakistan reaches 9m units