• Download the Constitution of Pakistan
  • Advertise
Wednesday, July 30, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

World Bank says Pakistan in want of 10mn houses

by News Publishing
May 24, 2023
in Business
Reading Time: 2 mins read
0
World Bank says Pakistan in want of 10mn houses
Share on FacebookShare on TwitterLinkedinWhatsapp

According to the World Bank, Pakistan’s housing shortfall is now estimated to be at 10 million units and rising, with around half of this shortage occurring in metropolitan areas.

The bank observed in a paper titled ‘Towards a More Nuanced Approach to Measuring focusing Affordability Evidence from Pakistan’ that 47 percent of households in urban areas live in overcrowded homes in informal settlements (katchi abadis) with inadequate infrastructure and amenities.

The Residual Expenditure Method (REM) was used to assess housing unaffordability for households in Pakistan’s metropolitan areas using data from the Pakistan Household Integrated Economic Survey (HIES) 2018-19.

According to the data, over 25% of households are unable to cover their basic food and non-food, non-housing expenses after accounting for housing prices, with the lowest sector suffering the greatest affordability difficulty (94%).

In contrast, the expenditure-to-income ratio (EIR) approach suggests that housing is unaffordable for only 44% of households and that housing is least affordable for the highest quintile, with nearly 60% of households spending more than 30% of their household income on housing.

The REM approach emphasizes the need for a much more precise technique to permit a nuanced understanding of affordability in Pakistan’s housing industry.

The RIM measures housing affordability by taking into consideration a household’s capacity to meet its fundamental non-housing needs after paying for housing. The RIM technique classifies households as confronting unaffordable housing conditions if they do not have adequate resources to cover these residual basic needs by establishing a minimum threshold of non-housing expenditure.

Poverty estimation approaches can be extended to estimate a minimum standard for non-housing (food and non-food) expenditure in the absence of publicly available budget standards.

The process used to estimate the poverty line, in particular, can also be used to determine a non-housing poverty line – or a threshold for spending on non-housing residual requirements. This includes basic food needs, as well as provisions for fundamental non-housing and non-food needs.

Tags: latestPakistanworld bank
News Publishing

News Publishing

Related Posts

Pakistan, Russia sign Protocol to restore & modernize PSM

Pakistan, Russia sign Protocol to restore & modernize PSM

by News Publishing
July 11, 2025
0

Pakistan and Russia have signed a Protocol to restore and modernize Pakistan Steel Mills (PSM) in Karachi, reaffirming their long-standing...

PSX soars to new high of over 133,000 points in intraday trade

PSX soars to new high of over 133,000 points in intraday trade

by News Publishing
July 7, 2025
0

July 8, 2025: The Pakistan Stock Exchange (PSX) continued its remarkable upward trend on Monday, as the KSE-100 index surged...

Pakistan, Azerbaijan sign $2billion investment agreement

Pakistan, Azerbaijan sign $2billion investment agreement

by News Publishing
July 5, 2025
0

Pakistan and Azerbaijan have signed an agreement for investment worth two billion dollars in diverse sectors of Pakistan's economy. The...

Petrol price increased by Rs8.36 per litre for next fortnight

Petrol price increased by Rs8.36 per litre for next fortnight

by News Publishing
July 1, 2025
0

The Finance Division has announced a significant increase in fuel prices, citing volatility in global crude oil markets. Effective from...

Petrol increase

Petrol Prices Likely to Rise by Rs5/Litre from July 1

by Anum Arif
June 30, 2025
0

ISLAMABAD: Prices of petroleum products in Pakistan are likely to rise by up to Rs5 per litre starting Monday, July...

Govt Eyes $3.3 Billion in Foreign Loans From Chinese Banks

Govt Eyes $3.3 Billion in Foreign Loans From Chinese Banks

by News Publishing
June 24, 2025
0

The Government of Pakistan is working on securing two foreign loans totaling $3.3 billion from Chinese financial institutions, aimed at...

Next Post
Pakistan to transfer Russian imported oil from Oman in small ships

Pakistan to transfer Russian imported oil from Oman in small ships

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters