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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.
Despite this, Pakistan's average economic growth rate since independence has been higher than the average growth rate of the world economy during the same period. Average annual real GDP growth rates [25] were 6.8% in the 1960s, 4.8% in the 1970s, and 6.5% in the 1980s. Average annual growth fell to 4.6% in the 1990s with significantly lower ...
F-5, Islamabad; F-6, Islamabad; F-7 (Urdu: حلقہ ف ٧) is a sector of Islamabad.The sector is located at the foothills of Margalla Hills of Islamabad. It is well known for its markaz/commercial area named "Jinnah Super Market" which is one of the most recognized and iconic shopping areas of Islamabad.
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. Pakistan's leading property portal "Zameen" reported in ...
The constitution of 1956 made Pakistan an Islamic democratic country. Pakistan faced a civil war and Indian military intervention in 1971 resulting in the secession of East Pakistan as the new country of Bangladesh. The country has also unresolved territorial disputes with India, resulting in four conflicts.
Downtown Islamabad. Islamabad is the capital of Pakistan and a net contributor to the Pakistani economy. Whilst having only 0.8% of the country's population, it contributes 1% to the country's GDP. [1] The Islamabad Stock Exchange, founded in 1989, is Pakistan's third largest stock exchange after Karachi Stock Exchange and Lahore Stock Exchange ...
West Pakistan annexed the former Omani enclave of Gwadar (on the Balochistan coast) in 1958 as part of Kalat division. In 1960 the federal government moved from Karachi to Rawalpindi (the provisional capital pending the completion of Islamabad), whilst the federal legislature moved to Dacca.
Events from the year 1956 in Pakistan. Incumbents. Federal government. Queen Elizabeth II as Queen of Pakistan (until 23 March) ...