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Pakistan

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.

People Housed 1,270
Jobs Created 4,430
People with Improved Water 1,270
People with Improved Sanitation 1,270
Women and Children Housed 929
Number of Projects 8
Avg. Basic Home Completion Cost (Last 5 Years) $ 13,484
Total Invested $ 13,777,117

Delivery of Homes

Houses

Basic Homes
1540
Total Expected
654
Complete
886
In Progress
rental homes
102
Total Expected
41
Complete
61
In Progress

Other Products

land plots
1355
Total Expected
573
Complete
782
In Progress

Client Data

Household Demographic Data
Household Size
4.64
Proportion Female
53.2
Proportion Children
40.0
Proportion Elderly
3.0
Proportion Disabled
0.6

Pakistan Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
PKR 2,359,673,109
$ 13,777,117
Loans
PKR 2,134,010,488
$ 12,459,570
Grants
PKR 225,662,621
$ 1,317,547

Based on exchange rate on 31/10/2021

Funds Lent by Partners to Households
Funds Lent by Partners to Households
PKR 836,785,756
$ 4,885,632
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
PKR 489,536,831
$ 2,858,195

Market Shaping Indicators: Key Indicators

Displayed In

1. Land and Infrastructure

% of urban bottom 40 households without access to basic sanitation services

2.75

Bottom 40 See all MSI countries
Country Year Data Source Value
Cote d'Ivoire 2012 DHS 96.5%
Ghana 2014 DHS 93.15%
Kenya 2014 DHS 88.25%
Morocco 2004 DHS 52.05%
Mozambique 2011 DHS 95.6%
Nigeria 2018 DHS 83.1%
Tanzania 2017 DHS 37%
Uganda 2016 DHS 94.5%
Rwanda 2016 National Institute of Statistics Rwanda (NISR) 13.13%
Pakistan 2018 The DHS Program 2.75%
India 2018 NSSO 76th Round 0.2%

2. Construction and Investment

% of urban population living in slums, informal settlements, or inadequate dwellings

Country Year Data Source Value
Cote d'Ivoire N/A
Ghana N/A
Kenya N/A
Morocco N/A
Mozambique N/A
Nigeria N/A
Tanzania N/A
Uganda N/A
Rwanda 2018 World Bank 42.1%
Pakistan N/A
India 2018 NSSO 76th Round 35%

3. Sales and Rental

Number of residential mortgages outstanding

58,620

National See all MSI countries
Country Year Data Source Value
Kenya 2019 Central Bank of Kenya 27,993
Nigeria 2019 NMRC 32,260
Tanzania 2019 Bank of Tanzania and Tanzania Mortgage Refinance Company Limited 5,460
Rwanda 2020 National Bank of Rwanda (NBR) 44,177
Pakistan 2019 State Bank of Pakistan - Housing Finance Data Review 58,620
India 2020 Reserve Bank of India 9,817,180

3. Sales and Rental

Price of the cheapest, newly built dwelling by a formal developer or contractor

2,500,000 PKR$14,305.33

Urban See all MSI countries
Country Year Data Source Value
Cote d'Ivoire 2018 Site d'annonce et promotion dans l'immobilier en Côte d'Ivoire 15,500,000 CFA$27,087.48
Ghana 2019 Damax Construction Co. Ltd 108,704 GH₵$19,621.66
Kenya 2019 Tsavo Real Estate 4,000,000 Ksh$37,037.04
Morocco 2019 Various real estate websites 250,000 DH$27,027.03
Mozambique 2016 Casa Minha 3,418,491 MZ$48,147.76
Nigeria 2019 Millard Fuller Foundation; Shelter Origins 2,900,000 NGN$7,651.72
Tanzania 2018 CAHF 37,966,107 TZS$16,508.58
Uganda 2019 Various property developers 125,000,000 UGX$34,097.11
Rwanda 2020 Marchal Real Estate Developers 10,000,000 R₣$11,119.14
Pakistan 2021 Partners 2,500,000 PKR$14,305.33
India 2022 Real estate websites and industry experts 160,000 IN₹$2,176.87

3. Sales and Rental

% of national households that rent their dwelling

11.53

National See all MSI countries
Country Year Data Source Value
Ghana 2017 Ghana Statistical Service 28%
Kenya 2019 Central Bank of Kenya, Kenya National Bureau of Statistics, FSD Kenya 35.01%
Morocco 2014 High Commission for Planning; World Bank 18.5%
Nigeria 2018 World Bank; Nigeria National Bureau of Statistics 21.8%
Tanzania 2017 National Bureau of Statistics 80.56%
Uganda 2016 DHS 53.45%
Rwanda 2020 Access to Finance Rwanda (AFR) and National Institute of Statistics Rwanda (NISR) 8.94%
Pakistan 2017 Population and Housing Census 11.53%
India 2018 NSSO 76th Round 13%

5. Enabling Environment

Ease of Doing Business Index Rank: Global

108 out of 190

National See all MSI countries
Country Year Data Source Value
Cote d'Ivoire 2020 World Bank 110
Ghana 2020 World Bank 118
Kenya 2019 World Bank Ease of Doing Business 61
Morocco 2020 World Bank 53
Mozambique 2019 World Bank 74
Nigeria 2020 World Bank 131
Tanzania 2020 World Bank 141
Uganda 2020 World Bank 116
Rwanda 2020 World Bank Ease of Doing Business Indicators 38 out of 190
Pakistan 2020 World Bank Doing Business Indicator 108 out of 190
India 2020 World Bank 63 out of 190

6. Economic Environment

GDP Per Capita

188,900 PKR$1,080.91

National See all MSI countries
Country Year Data Source Value
Cote d'Ivoire 2018 World Bank 1,024,171 CFA$1,789.82
Ghana 2019 World Bank 11,489 GH₵$2,073.83
Kenya 2018 World Bank 173,272 Ksh$1,604.37
Morocco 2018 World Bank 30,725 DH$3,321.62
Mozambique 2018 World Bank 30,772 MZ$433.41
Nigeria 2018 World Bank 659,159 NGN$1,739.21
Tanzania 2018 National Bureau of Statistics; World Bank 2,297,020 TZS$998.80
Uganda 2018 World Bank 2,357,327 UGX$643.02
Rwanda 2019 World Bank 737,578.59 R₣$820.12
Pakistan 2020 World Bank National Accounts Data 188,900 PKR$1,080.91
India 2020 Ministry of Statistics and Program Implementation 151,760 IN₹$2,064.76

7. Demand

Population Size

220,892,331

National See all MSI countries
Country Year Data Source Value
Cote d'Ivoire 2017 World Bank 24,437,469
Ghana 2019 World Bank 30,417,856
Kenya 2017 World Bank 50,221,473
Morocco 2017 World Bank 36,471,769
Mozambique 2018 World Bank 29,495,962
Nigeria 2017 World Bank 190,873,311
Tanzania 2019 World Bank 58,005,463
Uganda 2017 World Bank 41,487,000
Rwanda 2019 World Bank 12,626,950
Pakistan 2020 World Bank National Accounts Data 220,892,331
India 2021 Minsitry of Health and Family Welfare 1,361,343,000

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Data last updated on 30/06/2022