{"id":765,"date":"2012-11-26T11:42:56","date_gmt":"2012-11-26T11:42:56","guid":{"rendered":"http:\/\/www.zameen.com\/blog\/?p=765"},"modified":"2020-01-27T05:47:31","modified_gmt":"2020-01-27T05:47:31","slug":"pakistan-faces-a-housing-short-fall-of-8-million","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistan-faces-a-housing-short-fall-of-8-million.html","title":{"rendered":"Pakistan faces a housing shortfall of 8 million"},"content":{"rendered":"<p><a href=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/homeless1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-766\" title=\"homeless\" src=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/homeless1.jpg\" alt=\"\" width=\"280\" height=\"180\" \/><\/a>With population that exceeds 190 million, Pakistan is the 6<sup>th<\/sup> most populous country of the world. According to independent studies, more than 300,000 infants are added to the total population each year. The average household size in the country is approximately 8, which is burdening the state\u2019s economic structure at very basic level. The rising population is causing rapid urbanization, followed by noticeable development in the country\u2019s infrastructure.<\/p>\n<p>Many analysts find this growing population and thus urbanization a positive sign that indicates economic development. The other side of the picture is that about 8 million people in the country are homeless \u2013 A staggering 80 lac people in Pakistan are without shelter and another 600,000 are added to this figure annually . If the situation is not addressed on urgent basis, Pakistan will have more than 15 million people on roads by 2020.<\/p>\n<p>Every passing day, the rising cost of building material, labour, cement and fuel drags the middle and lower middle class in Pakistan further away from having a home of their own. The private sector too faces tons of restrictions by the housing and construction laws as well as hefty taxes. Therefore, the idea of accommodating the needy seems quite farfetched.<\/p>\n<p>Many people argue about the importance of reducing this gap of 8 million in the housing sector because those\u00a0 who live in their own houses are in a better position to contribute economically, socially and politically to their society. Leaving this problem unaddressed would mean leaving an ever-growing number of people entangled in their accommodation issues and never getting a chance to play a part in country\u2019s development.<\/p>\n<p>To combat this major issue, the government of Pakistan should facilitate the private sector by controlling the cost of building material and issuing mortgage on minimum interest rate and flexible conditions. Provided the cooperation of concerned public sectors, the private construction sector has the potential to drive <a title=\"Pakistan real estate\" href=\"http:\/\/www.zameen.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Pakistan real estate<\/a> out of this grave crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With population that exceeds 190 million, Pakistan is the 6th most populous country of the world. According to independent studies, more than 300,000 infants are added to the total population each year. The average household size in the country is approximately 8, which is burdening the state\u2019s economic structure at very basic level. The rising population is causing rapid urbanization, followed by noticeable development in the country\u2019s infrastructure. Many analysts find this growing population and thus urbanization a positive sign that indicates economic development. The other side of the picture is that about 8 million people in the country are homeless \u2013 A staggering 80 lac people in Pakistan are without shelter and another 600,000 are added to this figure annually . If the situation is not addressed on urgent basis, Pakistan will have more than 15 million people on roads by 2020. Every passing day, the rising cost of building material, labour, cement and fuel drags the middle and lower middle class in Pakistan further away from having a home of their own. The private sector too faces tons of restrictions by the housing and construction laws as well as hefty taxes. Therefore, the idea of accommodating the needy&hellip;<\/p>\n","protected":false},"author":5,"featured_media":766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"persona":[],"class_list":["post-765","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan faces a housing shortfall of 8 million - Zameen News<\/title>\n<meta name=\"description\" content=\"With population that exceeds 190 million, Pakistan is the 6th most populous country of the world. According to independent studies, more than 300,000\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistan-faces-a-housing-short-fall-of-8-million.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan faces a housing shortfall of 8 million - Zameen News\" \/>\n<meta property=\"og:description\" content=\"With population that exceeds 190 million, Pakistan is the 6th most populous country of the world. According to independent studies, more than 300,000\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistan-faces-a-housing-short-fall-of-8-million.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2012-11-26T11:42:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-27T05:47:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/homeless1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"280\" \/>\n\t<meta property=\"og:image:height\" content=\"180\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shaista Zulfiqar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shaista Zulfiqar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pakistan faces a housing shortfall of 8 million - Zameen News","description":"With population that exceeds 190 million, Pakistan is the 6th most populous country of the world. 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