{"id":72945,"date":"2020-12-27T09:57:00","date_gmt":"2020-12-27T04:57:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=72945"},"modified":"2020-12-24T17:27:47","modified_gmt":"2020-12-24T12:27:47","slug":"abad-urges-govt-to-notice-cement-steel-price-hike","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/abad-urges-govt-to-notice-cement-steel-price-hike.html","title":{"rendered":"ABAD urges govt to take notice of cement, steel price hike"},"content":{"rendered":"\n<p>Karachi: Association of Builders and Developers (ABAD) Chairman Fayyaz Ilyas on Tuesday urged the federal government to take notice of the sudden hike in the price of cement and steel \u2014 with these products used as essential raw material in the construction sector, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/abad-requests-govt-extend-nphps-incentive-package-till-next-year.html\" target=\"_blank\" rel=\"noreferrer noopener\">ABAD requests govt to extend NPHP\u2019s incentive package till next year<\/a><\/p>\n\n\n\n<p>The chairman issued a statement in which he insinuated that the increase in the prices of cement and<a href=\"https:\/\/www.zameen.com\/news\/issues-faced-by-steel-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\"> steel<\/a> would negatively impact the incumbent government\u2019s efforts to provide affordable housing units to the low-income segments of Pakistan.<\/p>\n\n\n\n<p>He revealed that despite the local sourcing of most construction raw materials, the cement and steel manufactures had increased their prices to PKR 650 per 50-kilogram bag of cement and PKR 126,500 of steel per tonne \u2014 prices he deemed unjustifiable.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/construction-package-for-builders-and-developers-in-full-swing-ahead-of-its-expiration.html\" target=\"_blank\" rel=\"noreferrer noopener\">Construction package for builders and developers in \u2018full swing\u2019 ahead of its expiration<\/a><\/p>\n\n\n\n<p>Chairman Ilyas stated that the construction industry was the second largest job providing sector in the country after the farming sector. He added that this was the reason that the government had been focused on the construction industry in recent months and why it had launched the Naya Pakistan Housing Programme (NPHP). He urged the government to take action in this regard in order to maintain the country\u2019s recent economic recovery during the ongoing COVID-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Association of Builders and Developers (ABAD) Chairman Fayyaz Ilyas on Tuesday urged the federal government to take notice of the sudden hike in the price of cement and steel \u2014 with these products used as essential raw material in the construction sector, according to news sources. Read: ABAD requests govt to extend NPHP\u2019s incentive package till next year The chairman issued a statement in which he insinuated that the increase in the prices of cement and steel would negatively impact the incumbent government\u2019s efforts to provide affordable housing units to the low-income segments of Pakistan. He revealed that despite the local sourcing of most construction raw materials, the cement and steel manufactures had increased their prices to PKR 650 per 50-kilogram bag of cement and PKR 126,500 of steel per tonne \u2014 prices he deemed unjustifiable. Read: Construction package for builders and developers in \u2018full swing\u2019 ahead of its expiration Chairman Ilyas stated that the construction industry was the second largest job providing sector in the country after the farming sector. He added that this was the reason that the government had been focused on the construction industry in recent months and why it had launched the Naya Pakistan&hellip;<\/p>\n","protected":false},"author":75,"featured_media":63726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013,15017],"tags":[44601],"persona":[],"class_list":{"0":"post-72945","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"category-notices-announcements","9":"tag-abad-urges-govt-to-take-notice-of-cement-price-hike","10":"cat-15013-id","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ABAD urges govt to take notice of cement, steel price hike - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: Association of Builders and Developers (ABAD) Chairman Fayyaz Ilyas on Tuesday urged the federal government to take notice of the sudden hike in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/abad-urges-govt-to-notice-cement-steel-price-hike.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ABAD urges govt to take notice of cement, steel price hike - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: Association of Builders and Developers (ABAD) Chairman Fayyaz Ilyas on Tuesday urged the federal government to take notice of the sudden hike in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/abad-urges-govt-to-notice-cement-steel-price-hike.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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