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January 2012

Pakistan Real estate underperformed in 2011

The real estate and construction sector strives on sentiments and 2011 was another disastrous year for builders and developers as the nation failed to curb its security issues, experts related to the industry informed.

They also said that concerns such as low gas supply (which compelled the government to stop fresh gas connections to new high-rise buildings), energy crisis, rising cost of input such as cement and iron and the imposition of sales tax under the Sindh Sales Tax on Services Act 2011 impacted the real estate sector adversely.Read More »Pakistan Real estate underperformed in 2011