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OverviewAPI
Pakistan's construction industry contracted by 5.2% in 2023 due to weak economic, political, and financial conditions, but is forecasted to grow by 5.5% annually between 2024 and 2027. The industry's expansion is fueled by investments in various infrastructure projects, including transport, power, housing, telecommunication, and industrial infrastructure. Key drivers include the commencement of projects under the China-Pakistan Economic Corridor (CPEC), the upgradation of a road section of N-50, and the signing of a joint protocol for the Trans-Afghan Railway.

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