policy of the government massively supported by the
financial sector had the potential to click and produce the
desired results, yet the usual lack of coordination among
the relevant departments and ineffective follow up which is
the conventional characteristic of the society creating
obstacles restraining it to take a kick start. It is
interesting to note that the banking sector which has opened
its doors for the housing sector pumped in over two hundred
billion rupees in the housing financing in 2003-04 which is
a record itself, but by and large the activity in this
sector has been confined to the up country.
to the zonal chief of a leading private bank the prices in
the real estate sector have jumped four times as compared to
real estate prices in Karachi.