Dublin, July 30, 2024 (GLOBE NEWSWIRE) -- The "Pakistan Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering.
The construction industry in Pakistan is expected to contract by 3.5% in real terms in 2024, owing to political uncertainty, weak governance and public administration, and declining investment.
According to the State Bank of Pakistan (SBP), political uncertainty is exacerbating Pakistan's economic challenges, with major issues including stagnant exports, limited savings, low investment in physical and human capital, and inefficiencies in public sector enterprises (PSEs). Additionally, a rise in construction prices is also expected to impact construction progress and affect the industry's overall output in 2024; the rise in construction costs is due to a surge in the prices of essential building materials like cement, gravel, sand, and bricks.
In another headwind to the industry, structural issues such as the depreciation of the local currency (Pakistani Rupee - PKR), and an increase in government spending, have kept the National Consumer Price Index (NCPI) at elevated levels, despite subdued domestic demand and a fall in global commodity prices.
According to the estimates of the SBP announced in mid-May 2024, the average CPI inflation will range between 23-25% in Financial Year (FY) 2023-24 (July 2023 to June 2024), slowing from a rate of 29.2% in FY2022-23; this is however expected to come down to a range of 5-7% by September 2025. The SBP expects a modest economic recovery in the second half of FY2023-24 (January to June 2024), owing to improvements in business confidence, and prospects for good wheat production. The country's GDP is expected to expand in the range of 2-3% in FY2023-24.
Scope
- Historical (2019-2023) and forecast (2024-2028) 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 analyst's 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 analyst's 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/1is7we
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