Tuesday, February 5, 2008
Pakistan is all set to help its citizens by forming a real estate investment trust. The Securities and Exchange Commission of Pakistan (SECP) is responsible for this great news for many in Pakistan. Launching the Real Estate Investment Trusts was a vision in fulfilling the aim to offer a possibility to the small investors in Pakistan and to make sure of the lucidity in the business of real estate. Federal Finance Minister Dr Salman Shah was very excited in the launching ceremony of REITS and he informed the press that this pioneering effort aims at an emerging market with modern financial sector product for the first time. Pakistan, as a developing nation to launch REITS for the first time, Dr Shah told later on Monday.