*  *  *  Messrs Jawaid Iqbal, Ashraf Bajwa, Governing Board of the CFA Association of Pakistan, Ladies and gentlemen: It is indeed an honor to be invited at this annual CFA convention – a gathering of the country’s finest analysts, investment and risk managers and the banking industry professionals.
Current developments are more consistent with stability in the market. Looking forward, it is important to recall that the major underlying factors supporting the demand for housing are employment growth, increases in incomes, demographics and social changes.