KARACHI: The steel price bar prices have witnessed an increase of Rs 5,000 per tonne, now costing Rs142,000.
The price hike will affect the overall cost of construction projects, which were on the rise ever since Prime Minister Imran Khan unveiled the construction package to boost economic activity after the outbreak of COVID-19.
The cost of steel bars was recorded at Rs117,000 per ton in November 2020.
Speaking on this occasion, Association of Builders and Developers of Pakistan (ABAD) Chairman Fayyaz Ilyas requested to remove regulatory duty and additional regulatory duty on steel imports to maintain stability in steel prices, so the Prime Minister’s 5,000 homes initiative can be materialised, and to revive the national economy.
For more news, visit Graana.com
About 90 kilometers south of Multan, Jalalpur Pirwala is a city and tehsil capital housing…
ISLAMABAD: Chaudhry Muhammad Ali Randhawa, the newly appointed Chief Commissioner of Islamabad, wasted no time…
Keti Bunder was formerly a bustling port city and is currently a taluka in the…
Located in a buzzing part of lively Faisalabad, Millat Chowk is more than just a…
Matiari, a district in Sindh province rich in history and culture, is well-known for its…
The Indus Highway, officially called National Highway 55 (N-55), is a 1264 km two—to four-lane…