Karandaaz leads conversation on climate-smart housing in Pakistan.

LAHORE -- Karandaaz Pakistan held a webinar to launch its latest study on the potential of climate-smart, low-income housing in Pakistan.

Industry leaders and stakeholders came together to deliberate on the housing needs in Pakistan and the impact green initiatives can have in meeting the needs of populations especially vulnerable to the impact of climate change. Between 2000 and 2019, Pakistan was found to rank eighth amongst the top ten countries most vulnerable to the negative impacts of climate change. This vulnerability became starkly evident earlier this year, as one-third of the country was flooded as a result of unprecedented rainfall and glacier melt. As estimated by Karandaaz, over 33 million people were displaced, and one-seventh lost their homes due to the floods of 2022. With an ever-increasing frequency of severe climate-related events, depleting energy resources, and a population growth rate that far outpaces the provision of housing, this webinar was arranged as a platform to bring together a wide set of stakeholders, including architects, urban planners, financiers and funding providers, etc. to discuss Pakistan's housing needs.

Arif Hasan, one of Pakistan's most reputable architects and urban planners, delivered the keynote address. In his address, Hasan stated: 'The most obvious climate change event in Pakistan has been the recent flooding. The main cause was consistent rain and though we cannot do anything about rain changing its course, lessons can be learned.'

Dr Shamshad Akhtar, Chairperson Karandaaz, said, 'The housing deficit in Pakistan is approximately 12 million homes and the estimated market size for affordable housing was reported to be USD 165 billion in 2020. This is expected to grow to USD 537 billion by 2050. There is ample opportunity for green builders and government to intervene to develop the climate-smart housing value chain and encourage further sector activity as it has important...