Private sector eyes govt land bank for housing

KARACHI: The private sector is eyeing the government’s extensive land bank, which has great potential to be used as a catalyst for housing and infrastructure development in the country.

The matter was discussed during Finance Minister Muhammad Aurangzeb’s visit to the Arif Habib Group’s head office on Monday. Discussions were held on economic outlook, capital markets, the investment climate and the Government’s ongoing reform agenda.

The meeting highlighted the opportunity to unlock the government’s extensive land bank through public-private partnership (PPP) models, with land contributed as equity to catalyse housing and infrastructure development and to accelerate project execution.

The discussion further underscored the importance of Real Estate Investment Trusts (REITs) as transparent, fully documented investment vehicles capable of mobilising domestic liquidity into productive sectors, supporting infrastructure development and broadening investment opportunities.

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The participants discussed the need for further measures to stimulate private investment, create employment and increase government revenues.

The finance minister assured the government’s commitment to maintaining macroeconomic stability, implementing structural reforms and fostering an investment-friendly environment through continued collaboration with the private sector.

The government remains committed to maintaining macroeconomic stability while implementing structural reforms that strengthen........

© Dawn Business