The real estate sector is gaining substantial ground across the globe after a gradual recovery from the Covid-19 pandemic. But this sector is struggling in Pakistan because of volatile political scenario, deteriorating economy and ever-depleting rupee against dollar.
Overseas Pakistanis’ lack of trust is another major factor attributed to the sharp slump in property sector. They invested in housing schemes, but are awaiting to construct dream homes because these schemes lack basic utilities.
Overseas Pakistanis Foundation (OPF) is the main culprit which has failed to complete housing schemes launched in early 80s.
It is alarming that housing schemes launched under the auspices of the OPF four decades ago are still lying incomplete.
Reportedly, inaction on part of OPF is main reason for this delay. This has sent shockwaves among Overseas Pakistanis, who are uncertain about their investment and the future of these housing schemes.
The Overseas Pakistanis accuse OPF for th...