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Document Type:	General
Publish Date:	December 2011
Primary Author:	Imran Ahmad, Wasif Hussain
Edited By:	Suneela Farooqi
Published By:	Infrastructure, Housing & SME Finance Department

In Pakistan, rapid urbanization has become a challenge for an increasing number of people. Studies indicate that lack of finance from a formal source is primarily a supply-side problem. Most of the housing finance is arranged through personal resources. The property development industry suffers from low public confidence. Financial weaknesses and the absence of clear, uniform, and fair business practices have affected its credibility contributing to the reluctance of financial institutions in providing development and construction finance. There is a strong need to strengthen the property titling and land administrative procedures including improvements of the legal provisions, standardization of processes, and computerization of all relevant revenue records.