BMI View: The commercial real estate market in Pakistan continues to be complex, with economic shocks, increasing security risks and the danger of political instability all impacting the extent of construction, development and foreign investment. Despite these risks, there have been notable improvements in 2013. Principally, the country’s May 11th elections completed the first peaceful transfer of power from one democratically elected government to the next, a first in Pakistan’s 66 year history. It was also the first instance of an elected government finishing its entire term without enduring a seizure of power, coup or other destabilisation. The country’s economic …
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