Real Estate Sector Investment Pitchbook （English Version）

Following are the key highlights of the Pitchbook compiled for investors from around the world especially China, who are interested in Real Estate Sectorof Pakistan.

1. **National Economic & Investment Environment** - Credit rating upgraded to B- from CCC; top 10 in World Bank’s Business Entry Regulations ranking - Inflation at lowest level since 1968; stable currency coordinated with IMF since 2023 - 10-year tax holidays and fiscal/trade incentives in Special Economic Zones (SEZs) - Current GDP over USD 410 billion; projected to reach USD 3.3 trillion by 2050 - 255 million population, 64% under 30; 7th largest workforce globally; 2 million new university students yearly - SIFC (2023) provides one‑window investment facilitation; 2024 Uraan Pakistan economic agenda launched - Strong Pak‑China ties via CPEC, CPFTA, and bilateral investment treaties - Positive global recognition from Bloomberg, Fitch, IMF, World Bank, and Barron’s - Recent FDI from UAE, China, Qatar, etc., in real estate, ports, energy, and infrastructure 2. **Real Estate Sector Overview** - Strong demand across hospitality, office & retail, residential, healthcare, and education - FDI rose 17% to USD 1.9 billion in 2024, showing strong investor confidence - Grade A office occupancy above 90% in Islamabad and Lahore, indicating undersupply - Middle class reaches ~50 million; rapid urbanization boosts demand for modern housing - National healthcare gap (0.64 beds/1,000 people vs WHO 3.0); education serves 54 million students needing infrastructure 3. **Sector Competitive Advantages** - **Demographics**: Young population (65% under 30) and growing middle class drive consistent demand - **Policy support**: Government incentives for infrastructure and real estate development - **Cost efficiency**: Competitive construction wages below regional benchmarks; abundant skilled labor - **Supply shortage**: Formal supply lags demand; underserved segments offer low‑competition entry - **Raw materials**: Strong local supply of glass and construction materials 4. **Key Investment Opportunities** - **Hospitality & Tourism**: Luxury mixed‑use developments, 5‑star hotels, and heritage tourism projects - **Office & Retail**: High‑rise mixed‑use buildings, IT parks, and international office hubs - **Residential**: Modern apartments, gated communities, and mixed‑use residential complexes - **Healthcare**: International standard hospitals in major urban areas - **Education**: International schools and tertiary education infrastructure - Government plans to monetize prime land in Islamabad, Karachi, Lahore, etc., via investor partnerships 5. **Investor Incentives & Support** - **Ease of doing business**: 100% foreign equity allowed; one‑stop licensing and digital registration - **Tax incentives**: Reduced corporate tax (15% for REITs; 0% if 90% profits distributed) - **Operational autonomy**: Full management control for agreed periods - **Government collaboration**: Priority access to high‑demand public‑private partnership (PPP) projects - **One‑window support**: SIFC fast‑tracks approvals and cross‑government coordination 6. **Leading Local & International Players** - Emaar Pakistan (UAE‑owned): Iconic residential and commercial projects - Imarat Group: Mixed‑use malls, hotels, and retail developments - Zameen Developments: High‑end residential and commercial projects - GFS Builders & Developers: Master‑planned communities and gated housing