Pakistan registers 29 REIT schemes with Rs173.1 billion fund size
Pakistan had 29 REIT schemes registered by March 2026, with an aggregate fund size of Rs173.1 billion as of December 2025, presentations at a Securities and Exchange Commission of Pakistan Talk Series session showed on Tuesday.
Commissioner Imtiaz Haider, who welcomed participants, said REITs could mobilise private investment for infrastructure projects, including motorways, bridges, energy parks and logistics hubs. He also proposed exploring REITs to unlock value from existing public assets and finance development projects. Speakers said transparent valuations, sound governance and simpler tax rules were needed to bring property wealth into the formal economy and channel it into capital markets.
Globally, 1,021 listed REITs had a combined market capitalisation of US$2.04 trillion at the end of 2024, the session heard.
Zahid Latif Khan, Chairman of ISE REIT Management Company Limited, highlighted the global REIT market and presented the Rs5.67 billion ISE Towers Rental REIT as a local example. He also outlined potential opportunities in rental, developmental, hybrid and parking REITs in Islamabad and Rawalpindi.
Muhammad Ejaz, Chief Executive of Arif Habib Dolmen REIT Management Limited, presented Dolmen City REIT and Globe Residency REIT as local examples. He said Dolmen City REIT had a market capitalisation of Rs86.88 billion as of September 30, 2026, while occupancy at both properties exceeded 97 per cent. He called for rationalising property transfer duties and taxes and reviewing investment limits to support the growth of the REIT sector.
