ISLAMABAD: State Bank of Pakistan (SBP) has signed a memorandum of understanding (MoU) with Zameen.com according to which latter will provide data on prices and rental costs of residential and commercial properties in country’s metropolitan areas.

This data will subsequently be used by SBP to analyze house prices, develop related indices and use information in its publications, working papers and reports. Aggregate house price and rental indices will also be available on SBPs data portal Easydata for last four years. Deputy Governor (Policy) Dr. Murtaza Syed opined that real-estate sector is under researched in Pakistan due to a number of factors including paucity of available data.

He said that in absence of dependable information on price trends in real sector, understanding on households’ asset allocation decisions become difficult. He hoped that MoU between will greatly help to fill these gaps. Zameen.com CEO Zeeshan Ali Khan said that this engagement with Central Bank is a testament to usefulness of work done by Zameen.com in digitising and transforming country’s real estate industry.

Published in The Daily National Courier, September, 07 2022

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