KARACHI: The prices of cement and steel have surged as the manufacturers increase the purchasing cost.
The new prices of steel bars were increased by Rs5, 000 per ton to Rs128, 500, adding to a cumulative increase of Rs18, 000 per ton within the last one-and-a-half months.
Similarly, the cement prices were also increased by Rs45 to Rs625 per 50 kg bag in the last two months.
The data released by the All Pakistan Cement Manufacturers Association (APCMA) highlighted a drop of 23 per cent in the local sales of the cement, whereas the overall exports of cement witnessed a plunge of 12 per cent.
The hike in the prices of both steel and cement will also negatively impact the construction activities nationwide.
For news and blogs, visit Graana.com.
Islamabad: The chairman of the Capital Development Authority (CDA) and Chief Commissioner Islamabad, Muhammad Ali…
Peshawar: The Khyber Pakhtunkhwa government is exploring plans to construct a 31-kilometre outer ring road…
Islamabad: The National Highway Authority (NHA) has spent more than half of its development budget…
Karachi: A high-level meeting chaired by Sindh Minister for Local Government Syed Nasir Hussain Shah…
Riyadh: Saudi Real Estate Co. (Al Akaria) has signed a long-term lease agreement with Amsa…
Rawalpindi: The divisional administration has begun acquiring land for the Rs5 billion Thalian Interchange, a…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
