Pakistan is a country with an emerging economy. The GDP of Pakistan is $268 billion, which ranks it on the list of 40 largest economies in the world. As international investment continues to pour into Pakistan, there are many small opportunities for investors looking to get started in the real estate market. Here are five great investments that will provide you with diversity and growth potential:
Karachi is the most populated city in Pakistan, and one of the largest cities in the world. The population of 19 million is larger than that of New York, and London – combined! The GDP per capita for City Karachi is $5,000 , which makes it a very attractive opportunity for investors looking to enter an emerging economy with lots of growth potential.
Karachi is known as Pakistan’s premier industrial and financial hub, home to the Karachi Stock Exchange (KSE) as well as key ports like the Karachi Port and Port Bin Qasim. Karachi generates an astonishing GDP of over $164 billion and ranks as a beta-global city! The Karachi Port alone handles over 60% of the nation’s cargo, which amounts to 25 million tons every year. Recognizing its importance, around 90% of the country’s multinationals have their headquarters in Karachi.
Finally, the night life of Karachi is also spectacular! The port city is often referred to as “The City of Lights” and “The City That Never Sleeps”. This is because Karachi’s night life is so amazing, no one wants to miss out by going to sleep and at night, the whole city is lit up by brilliant and dazzling lights. The food in Karachi is second to none, and very reasonably priced. This is a place where there’s something for everyone – from Chinese and Western cuisine to South Indian, Pakistani and other Desi Delights. If you ever visit Karachi, don’t forget to visit Burns Road which offers a tantalizing feast for your taste-buds.
The twin cities of Rawalpindi and Islamabad are the center of government, commerce, and culture for Pakistan. Stretching over 200 kilometers (124 miles), both cities are home to some five million people. Islamabad is home to the Faisal Mosque, the largest in Pakistan, with room for 10,000 worshipers. The GDP per capita for City Islamabad is $5,200, which makes it an even more attractive opportunity than Karachi.
Islamabad, the capital of Pakistan, is known for its greenery and scenic beauty. Here, you’ll find state-of-the-art infrastructure and facilities along with every modern amenity you’ll ever need. It also has museums and art installations that showcase the rich and culturally diverse history of this region.
The nightlife in Islamabad is also exciting, although, most residents go to sleep early and adhere to a strict curfew. There are many food streets and international fast food chains present across the city including Hardee’s, KFC and McDonald’s. Most residents of Islamabad are from the upper and middle class, and the cost of living along with living standards are quite high.
According to the World Bank , the GDP of Lahore is $84 billion . This makes it one of the larger economies in the country. The city is home to some 8.8 million people , and thousands of international companies have offices in Lahore, due to its historical importance as a gateway between Asia and Europe.
Lahore is the provincial capital of Punjab. It’s the country’s business and commercial hub, with endless opportunities for growth and development. Famously known as the City of Gardens, Lahore is also the country’s cultural capital, with rich traditions, historical architecture, vibrant food streets and luscious green landscapes.
Lahore is the country’s 2nd largest city after Karachi and home to iconic architectural monuments like the Badshahi Mosque and Minar-e-Pakistan. It’s also a UNESCO city of literature and a major center for Pakistan’s publishing industry. Education has always been a priority for the residents of Lahore, and it’s home to the world-famous Lahore University of Management Sciences and the University of Punjab.
Peshawar is the capital of Pakistan’s Khyber Pakhtunkhwa Province, and a historic center of trade and travel. The GDP of Peshawar is $6 billion , which makes it a much smaller economy than those listed previously. However, there’s still significant growth potential in the city due to its high population – over 2 million people live here.
Peshawar is the sixth largest city in Pakistan and also the oldest city in the country and greater South-Asian region. Peshawar’s oldest historical record dates back to at least 539 BCE. The city boasts a full 4 seasons throughout the year and enjoys a pleasant 400mm of rain annually.
Under the PTI Government, Peshawar has undergone radical transformations in infrastructure and development. The BRT Peshawar is a state-of-the-art 3rd generation rapid bus service launched in 2020! Peshawar is also connected to the twin cities of Islamabad and Rawalpindi via the impressive 155 km long M1 Motorway, which continues onto Lahore via the M2. Peshawar will also be linked to the Karachi port via uninterrupted motorway access. Not only this, but under the China-Pak Economic Corridor (CPEC), 4 new Special Economic Zones (SEZs) are set to be established in the province which will restart and revitalize economic activity within the region.
The GDP of Faisalabad is $21 billion, which makes it one of the smallest economy on this list. However, with a population of 4 million , it’s also one of the largest cities in Pakistan. Faisalabad is known for its textile market, which provides an economic backbone to the city. However, agriculture and industry remain its trademark.
Faisalabad is often referred to as the “Manchester of Pakistan”! Cotton, rice, sugarcane, fruit and wheat are the main staples of Faisalabad. The Faisalabad clock tower and its 8 major bazaars serve as a hub of commercial activity. Each Bazaar has a unique name and sell specific products.
These are as follows:
Pakistan’s booming real estate market offers opportunities for investors of all sizes. From Rawalpindi to Karachi, Pakistan has a large and diverse economy that presents plenty of opportunities for growth. Visit our website to check out some of the best real estate projects in Pakistan!