{"id":82364,"date":"2021-12-17T16:46:54","date_gmt":"2021-12-17T11:46:54","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=82364"},"modified":"2021-12-17T16:46:59","modified_gmt":"2021-12-17T11:46:59","slug":"punjab-17-hike-construction-cost","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/punjab-17-hike-construction-cost.html","title":{"rendered":"Punjab govt notifies up to 17% hike in construction material cost"},"content":{"rendered":"\n<p>Lahore: The Punjab Finance Department on Thursday (December 16) announced an increase of up to 17% in the prices of construction materials throughout the province, news sources reported. The increase in construction products will be applicable from 1st January 2022.\u00a0\u00a0\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/abad-govt-stabilise-cement-steel-material.html\" target=\"_blank\" rel=\"noreferrer noopener\">ABAD chairman asks govt to stabilise cement and steel bars prices<\/a><\/p>\n\n\n\n<p>According to sources, the most significant rise has been announced for Lahore, with the cost increase announced following discussions with contractors and builders. Following the modifications,<a href=\"https:\/\/www.zameen.com\/news\/cement-likely-increase-days-apcma.html\" data-type=\"post\" data-id=\"79955\" target=\"_blank\" rel=\"noreferrer noopener\"> the price of cement per bag<\/a> has risen by PKR 120, while the new price of a white cement bag has risen to PKR 1,350. Steel prices have also been raised to PKR 150, a PKR 25 increase over the previous price. Furthermore, the price of first-class bricks has been raised by PKR 500 per 1,000 bricks. The remaining building material costs have also been raised by up to 16 % in one go.\u00a0<\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/steel-bar-prices-construction-cost.html\" target=\"_blank\" rel=\"noreferrer noopener\">Increase in steel bar prices raise construction cost<\/a><\/p>\n\n\n\n<p>It is worth noting that the<a href=\"https:\/\/www.zameen.com\/news\/steel-mills-pkr-2000-per-tonne.html\" data-type=\"post\" data-id=\"82141\" target=\"_blank\" rel=\"noreferrer noopener\"> steel bar manufacturing association<\/a> has recently raised steel bar prices, citing factors like rising international market prices, inflation, depreciating rupee, and higher import prices. The building industry is expected to get a hit as a result of the price change.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Punjab Finance Department on Thursday (December 16) announced an increase of up to 17% in the prices of construction materials throughout the province, news sources reported. The increase in construction products will be applicable from 1st January 2022.\u00a0\u00a0\u00a0 Read: ABAD chairman asks govt to stabilise cement and steel bars prices According to sources, the most significant rise has been announced for Lahore, with the cost increase announced following discussions with contractors and builders. Following the modifications, the price of cement per bag has risen by PKR 120, while the new price of a white cement bag has risen to PKR 1,350. Steel prices have also been raised to PKR 150, a PKR 25 increase over the previous price. Furthermore, the price of first-class bricks has been raised by PKR 500 per 1,000 bricks. The remaining building material costs have also been raised by up to 16 % in one go.\u00a0 Read: Increase in steel bar prices raise construction cost It is worth noting that the steel bar manufacturing association has recently raised steel bar prices, citing factors like rising international market prices, inflation, depreciating rupee, and higher import prices. The building industry is expected to get a hit&hellip;<\/p>\n","protected":false},"author":84,"featured_media":63690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013],"tags":[50074,50075,50073],"persona":[],"class_list":{"0":"post-82364","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"tag-construction-cost","9":"tag-punjab-construction-cost","10":"tag-punjab-govt-notifies-up-to-17-hike-in-construction-material-cost","11":"cat-15013-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Punjab notifies up to 17% hike in construction material cost- Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The Punjab Finance Department on Thursday (December 16) announced an increase of up to 17% in the prices of construction materials throughout the\" \/>\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\/punjab-17-hike-construction-cost.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Punjab notifies up to 17% hike in construction material cost- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The Punjab Finance Department on Thursday (December 16) announced an increase of up to 17% in the prices of construction materials throughout the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/punjab-17-hike-construction-cost.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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