Urban Housing Crisis Deepens With Pakistan’s Financial Woes

Urban Housing Crisis Deepens With Pakistan’s Financial WoesWoes

(Bloomberg) by Ismaeel Dilawar

Nowhere is Pakistan’s housing shortage more acute than in its most densely-populated metropolis of Karachi, where over half of its 15 million residents live in slums.

South Asia’s second-largest economy is facing a housing shortfall of 10 million units and needs to build about 700,000 houses every year to fill that gap as its population continues to grow. That’s spurred Prime Minister Imran Khan to pledge to build five million low-cost homes in five years in the country of more than 200 million people. (cont) https://www.bloomberg.com/amp/news/articles/2018-12-26/urban-housing-crisis-deepens-with-pakistan-s-financial-woes

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