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32% increase in registration of real estate and construction companies in 2020

Islamabad: In a recent report, there has been a 32% increase in the registration of construction and real estate companies. The Security and Exchange Commission of Pakistan (SECP) has registered 3,383 new companies belonging in 2020, which is 32% higher than the previous year.

The department had registered almost 2,560 companies and 2,022 real estate/construction companies in 2019 and 2018, respectively.

Sources believe that the construction package declared by the government last year has started generating positive results, as people were now moving towards investments in the construction sector.

According to Sustainable Development Policy Institute (SDPI) Executive Director Abid Qaiyum Suleri, many businesses in Pakistan had closed down during the Covid-19 pandemic, “so people found it suitable to invest in the real estate and construction sector”.

He preached that people in the construction sector remained mostly independent, whereas businessmen were dependent on other sectors such as waiting for imported goods etc.

For more updates and details visit our website Property News.

 

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