The Pakistani Securities and Exchange Commission (SECP) reported that 3,383 new real estate and construction companies have recorded with the government in the current fiscal year, according to a news report released on January 14.
This figure was found to be 32% higher than the one registered in 2019. SECP officially registered 2,560 and 2,022 real estate/construction companies in 2019 and 2018.
According to sources related to a sound increase in registration of construction packages announced last year by the government that has spurred the growth of the low-risk industry.
In addition, in response to the positive response to the amnesty plan, the government proposed an additional extension on December 31, 2020.
Abid Qaiyum Suleri, executive director of the Institute for Sustainable Development Policy, told people that during the coronavirus epidemic, real estate was identified as an acceptable investment option compared to other sectors that were doing well during the epidemic.
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