PERFORMANCE OF CONSTRUCTION INDUSTRY OF PAKISTAN
Construction is a viable sector of Pakistan that directly contributes in the GDP of an economy. The growth of the construction industry also helps other industries to flourish. Industries that are directly linked with the construction sector of Pakistan are Steel Industry, Cement Industry, Petroleum industry, etc.
Factors affecting construction industry in Pakistan
Currently, the performance of the construction industry in Pakistan is not up to the mark due to several reasons. There are three major factors affecting construction sector in Pakistan.
- Decrease in the development projects of the government.
- Decrease in the private sector construction due to high cost of construction
- Decrease in construction activities due to high uncertainty and legality status.
However, the demand for house construction is constant. People still seek for their own house rather than a rented house. But due to high pressure on the construction industry, the demand is being held by the people.
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