REITs collect money from investors and deploy it in real estate projects. Photo courtesy Sana Agboatwala/File
KARACHI: After six years of radio silence from over half a dozen companies with a licence to manage real estate investment trusts (REITs), as many as six transactions worth up to Rs38 billion are likely to take place within 2021-22.
Speaking to
Dawn in a recent interview, Arif Habib Dolmen REIT Management CEO Muhammad Ejaz said his company will soon launch four REITs in addition to the two schemes that the company announced earlier this month.
REITs collect money from investors and deploy it in real estate projects. They operate like any other company but offer more transparency to investors as trustees control all assets and the entity must list on a stock exchange within three years. Small investors can then take exposure to an otherwise capital-intensive and illiquid real estate market by publicly trading REIT units just like ordinary shares.
This file photo shows Finance Minister in an ECC meeting on July 16. The meeting had approved the Kamyab Pakistan Programme. APP/File
ISLAMABAD: The government will disburse Rs1.63 trillion over the next three years under the Kamyab Pakistan Programme (KPP) which will benefit over three million families.
These figures were finalisedin an extensive consultative meeting presided over by Finance Minister Shaukat Tarin, which made this programme one of the largest of its kind in the world.
Loans will be offered to families with a cumulative average monthly income of less than Rs50,000 with priority to be given to beneficiaries of Ehsaas programme registered with the National Socio-Economic Registry (NSER).
This file photo shows Finance Minister in an ECC meeting on July 16. The meeting had approved the Kamyab Pakistan Programme. APP/File
ISLAMABAD: The government will disburse Rs1.63 trillion over the next three years under the Kamyab Pakistan Programme (KPP) which will benefit over three million families.
These figures were finalisedin an extensive consultative meeting presided over by Finance Minister Shaukat Tarin, which made this programme one of the largest of its kind in the world.
Loans will be offered to families with a cumulative average monthly income of less than Rs50,000 with priority to be given to beneficiaries of Ehsaas programme registered with the National Socio-Economic Registry (NSER).
Daily Times
July 13, 2021
As was expected, the federal budget for the financial year 2021-22 sailed smoothly through the National Assembly. The finance bill was passed on June 29 while budgetary measures have already got into action throughout the country.
This was the PTI-led coalition government’s third budget, which was presented by its fourth finance minister, Shaukat Tarin–the successor to Asad Omer, Dr Hafeez Shaikh and Hammad Azhar. His full name, which is not known to many around, is Shaukat Fayaz Ahmed Tarin and he has previously also shouldered the heavy responsibility as the finance minister in different governments. The incumbent coalition government will complete its three years in August.
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