Pakistan urban housing crisis deepens


Cave home: Pakistani villager Faqeer Gul offers noon prayers in his cave room in Nikko village, about 60 kilometres from the capital Islamabad. thousands of Pakistanis are choosing to hunker down in caves northwest of Islamabad, snapping up the hobbit-like homes amid a nationwide housing shortage. — AFP

KARACHI: Nowhere is Pakistan’s housing shortage more acute than in its most densely-populated metropolis of Karachi, where over half of its 15 million residents live in slums.

South Asia’s second-largest economy is facing a housing shortfall of 10 million units and needs to build about 700,000 houses every year to fill that gap as its population continues to grow. That’s spurred Prime Minister Imran Khan to pledge to build five million low-cost homes in five years in the country of more than 200 million people.

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