LAHORE: Federal Parliamentary Secretary for the Ministry of Planning & Development, Hafiz Muhammad Nauman, has said that the government’s recent relief measures for the real estate sector are aimed at reviving investment, restoring market confidence and stimulating economic activity.
Addressing a seminar on real estate sector organised by Lahore Chamber of Commerce and Industry (LCCI), he said that Pakistan must now move towards vertical urban development instead of the unchecked horizontal expansion of cities.
He said the construction and real estate sectors are directly linked with around 70 industries and play a pivotal role in employment generation and economic growth. He stressed that affordable housing, banking support for long-term housing finance and sustainable urban planning are essential for the future development of the country.
Nauman said he had personally raised the issue of real estate reforms with Prime Minister Shehbaz Sharif nearly a year ago and strongly advocated for a comprehensive construction package. He said uncontrolled urban sprawl has significantly reduced green areas around major cities, particularly Lahore, and stressed that international urban planning principles require adequate green belts between cities for environmental sustainability and food security.
LCCI President Faheem Ur Rehman Saigol said that the real estate and construction sector serves as the backbone of the national economy, creating employment opportunities, attracting investment and supporting dozens of allied industries.
Copyright Business Recorder, 2026
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