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To assist the real-estate sector, the Government of Pakistan announced a reduction in interest rates on mortgage loans in 2012. [ 1 ] [ 2 ] In 2017, the housing gap in Punjab , one of the largest provinces of Pakistan, was around 2.3 million units, this figure is expected to reach the figure of 11.3 million units by the end of 2047.
Real estate in Pakistan underwent a boom during the early and mid 2000s when Overseas Pakistanis started sending substantial amounts of their savings back home after 9/11. As of 2019, statistics reveal that an average 500 yards plot in DHA Islamabad is priced between ₨ 20-25 million.
Housing in Pakistan has always been insufficient due to a growing population (which is 241.49 million as per the 2023 Pakistani Census) [2] and accelerated by urbanisation combined with the housing problem being low-priority in the eyes of the government. [1] [3] Housing is an important element of real estate in Pakistan.
Defence Housing Authority (DHA) (Urdu: ڈیفنس ہاؤسنگ اتھارٹی) is a Pakistan Army-administered real-estate developer that governs housing and municipal services for Defence neighbourhoods across Pakistan.
Pakistan conducted its first nuclear-weapons test in 1998, becoming the seventh country to do so. The Bulletin estimates Pakistan's arsenal at about 170 warheads.
In 1959, during the presidency of Muhammad Ayub Khan, the house was sold to the Armed Forces of Pakistan for three and a half lakh rupees, with the proceeds deposited into the Jinnah Trust Fund. [3] Since then, the property serves as the official residence for the Corps Commander of Lahore. [2]
Jabbar’s first wife sued him for child support payments in 2012, court records show. Amid his second divorce in 2022, he said he had racked up more than $16,000 in credit card debt paying court ...
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