Pakistan Construction Industry Report 2023: Market Contracted by 5.2% in Real Terms in 2023 Fueled by Weak Economic, Political and Financial Conditions – Forecast to 2027 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Pakistan Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2023-2027” report has been added to ResearchAndMarkets.com’s offering.

Pakistan’s construction industry contracted by 5.2% in real terms in 2023, owing to headwinds caused by the weak economic, political and financial conditions in the country.

Pakistan’s high inflation rate and surging energy and construction material prices are all expected to have weighed on construction activity this year. In Q2 2023, China released PKR1.1 trillion ($5 billion) in loans to Pakistan to secure a bailout from the International Monetary Fund to tackle its serious economic crisis. In July 2023, the IMF approved a PKR651.4 billion ($3 billion) bailout, after keeping it on hold since December 2022.

Over the remainder of the forecast period, between 2024 and 2027, the Pakistani construction industry is expected to record an annual average growth of 5.5%, supported by investment in transport, power, housing, telecommunication, and industrial infrastructure projects.

The re-commencement of projects under the China-Pakistan Economic Corridor (CPEC), the up-gradation of a road section of N-50 from Zhob to Kuchlak in Balochistan, the construction of a highway on the M-8 motorway in Balochistan and the construction of Pakistan’s second-largest airport – the new Gwadar International Airport in Gurandani, are expected to aid the industry’s growth.

Further support for industry growth will be provided by the signing of a joint protocol on the construction of the Trans-Afghan Railway by the governments of Pakistan, Uzbekistan, and Afghanistan in July 2023. The 760km rail line will run from Termiz in Uzbekistan, via Mazar-e-Sharif and Logar in Afghanistan, to the border crossing at Kharlachi in the Kurram district of Pakistan.

Scope

• Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Pakistan, featuring details of key growth drivers.
• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
• Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

• Identify and evaluate market opportunities using the standardized valuation and forecasting methodologies.
• Assess market growth potential at a micro-level with over 600 time-series data forecasts.
• Understand the latest industry and market trends.
• Formulate and validate strategy using the critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.

Key Topics Covered:

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Latest news and developments

4 Project analytics

5 Construction Market Data

6 Risk Profile

7 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/yw7flx

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