One of our priority countries, Reall has been operating in Pakistan since 1992, and undertaking our more commercial strategies since 2014.
With a housing backlog of 9 million homes and an annual housing shortfall of 270,000 homes, the need in Pakistan is huge. Besides the shortage of available housing, inflation and the rising trend in prices make home ownership even further out of reach for the average Pakistani each year. Housing finance in Pakistan is notably underdeveloped, only 1,500 new mortgages are extended annually, and the large majority of these are offered to borrowers living on middle and higher incomes.
Through Ansaar Management Company (AMC), Reall has financed housing projects in Faisalabad, Lahore and Peshawar. As well as the hundreds of homes and plots completed so far, considerable success has been realised in developing an agreement with HBFC Bank to provide mortgages for AMC’s clients, with many now receiving these mortgages, and in setting up one of Pakistan’s first employee-owned housing schemes with Sitara Chemical Industries Ltd. AMC are also a member of the government’s Affordable Housing Panel.
Based on exchange rate on 31-Dec-20
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Data last updated on 10/03/2021