Sustainable development is the new norm for any highly populated country. Pakistan’s economic development is rapidly growing. In the last few years, the infrastructure has been a positive development.
Pakistan is rich in cultural heritage, and its population grows at a maximum rate yearly. This has led to the need for infrastructure development to handle striking expansion while balancing environmental conservation and economic growth.
Why is sustainable development essential for Pakistan? The answer is quite addressable and easy to understand: the country needs to survive, expand, and thrive to bring the equilibrium between progress and preservation. It will increase the economy’s vitality and be the strong backbone for development.
The participants in the economy are realtors, potential businesses, organizations, and stakeholders who analyze the challenges, aspects, and strategies that could boost sustainable urban development in Pakistan.
The pivotal junction of increasing population is diverted to Pakistan’s urban development. It has immensely and extensively gauged a booming boost. The relentless expansion has profoundly transformed the lives of the millions of people residing in the developing country Pakistan.
Sustainable Development
Sustainable development could be defined in various ways, but the most conveniently adaptable definition is that it is development that meets the needs of the present without compromising the ability of future generations to meet those needs.
Sustainable development in Pakistan is the foundation of a bright future economy. Economic development is the backbone that globally frames growth. Currently, the globe is trying to meet the 2030 Agenda for Sustainable Development goals.
The primary aims of the sustainable development of Pakistan are as follows.
Sustainable Development Goals 2030
- To cater to the poverty prevailing in the country by investments in potential sectors like commercial real estate.
- Ensure that sustainable development is GO-GREEN and protects natural habitats.
- Sustainable development ensures that the public has the privilege to enjoy undisturbed peace and serenity.
Sustainable development is basically a bold step that is transformative. It shifts the world into a collective journey that helps create a resilient path. Sustainable development cannot be achieved without the diligent involvement of businesses, civil society, and government organizations.
Hence, the real estate industry is the most authentic sector that is effectively working to achieve sustainable development in Pakistan. The real estate industry hedges the economic triggers that are the negative imposters like inflation, poverty, and high population.
Sustainable development in Pakistan is a dire need, as by 2030, half of the population will shift to urban cities. Hence, this will create a great need for facilities injection within the metropolitan cities to cater to the increased population.
Sustainability in development has to come across severe challenges that are to be addressed. Mainly, strategies that will cater to the arising issues
Economic Development
We have already studied that economic development is the transformation of on-wheel or emerging nations into prosperous ones. The governing organizations have to think outside the box to strategically design a plan to boost the emerging economy to the next level, as social and political factors directly impact the developing economies.
Once the economy stabilizes, the standard of living per person in the country increases. There is a difference between economic growth and economic development. Some of the pointers are discussed here.
Economic Growth | Economic Development | |
Definition | It pertains to the rise in a nation’s economic growth over a specific time frame. | It encompasses the comprehensive improvement in the quality of life within a nation, including economic growth. |
Concept | It has narrower concept. | It has broader concept. |
Scope | This approach focuses solely on the economic growth of a nation. | This approach considers both income levels and the quality of life within a nation. |
Term | Process is short-term | Process is long-term |
Measurement | Quantitative | Quantitative and Qualitative |
Application | Economies are developed | Economies yet developing |
Government Support | It is an automatic process that may or may not require intervention from the government. | Government intervention is necessary since the government establishes all developmental policies. |
Changes expectation | Quantitative changes | Qualitative and Quantitative |
Examples | GNP, GDP | Human Development Index, income per capita, and industrial growth. |
Sustainable Transportation
Transportation has several modes, including cycling, walking, public, private, and hybrid vehicles of different shapes and brands. When we talk about sustainable transportation, we are referring to different modes of transportation that will have less negative impacts on the environment and entirely promote energy efficiency.
Sustainable transportation is designed to be environmentally friendly. It aims to reduce greenhouse gas emissions. Also, the main goal is to minimize traffic congestion and help us be less dependent on fossil fuels. Eventually, they will be reduced and finished as the rapid usage is unstoppable.
Sustainable development supports a healthy lifestyle and directly supports urban development. Urban development that is eco-friendly and accessible for the public, in general, is another milestone achieved while encouraging sustainable transportation: a cleaner environment. It is feasible and livable for communities at large.
Sustainable Development in Pakistan
Sustainable development in Pakistan is all about economic development and a better annual GDP. It focuses on a healthier environment and social equity. It involves integrating renewable energies and implementing practices that save and protect natural resources.
Sustainable development in Pakistan aims to protect agriculture, water conservation, and waste management on vast grounds. Pakistan is a developing country that needs to focus on sustainable development, which will, in the long term, have positive impacts on the quality of life, preserve natural heritage, and secure future economic stability.
Sustainable Urban Development in Pakistan
Furthermore, Sustainable urban development in Pakistan creates cities that are the equilibrium for economic growth, social well-being, and a healthy environment.
Commercial real estate developments are an essential part of sustainable urban development in Pakistan as they aim to promote energy-efficient structures, increased green spaces, reduced congestion, waste management, and less pollution.
Moreover, sustainable urban development in Pakistan is adding urban plans that focus on inclusive growth, affordable houses, healthcare promotion, and education to uplift citizens’ standard of living.
