Pakistan to See First REIT in Years on Khan’s Construction Push
- Arif Habib Dolmen plans a development REIT for housing project
- Nation tweaked rules to attract REITs, urging fresh mortgages
This article is for subscribers only.
Pakistan is set for its first real estate investment trust in more than six years as Prime Minister Imran Khan seeks to stimulate the economy through a construction boom.
Arif Habib Dolmen REIT Management Pvt. plans to raise 8 billion rupees ($51 million) via private placements in two REITs for a housing project in Karachi, Muhammad Ejaz, the firm’s chief executive officer, said in an interview Tuesday. It plans to purchase the land in about two months, partly from Silkbank Ltd., he said.