{"id":91907,"date":"2023-02-01T16:38:12","date_gmt":"2023-02-01T11:38:12","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=91907"},"modified":"2023-02-01T16:38:14","modified_gmt":"2023-02-01T11:38:14","slug":"abad-barter-system-construction","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/abad-barter-system-construction.html","title":{"rendered":"ABAD for implementation of barter system in construction industry&nbsp;"},"content":{"rendered":"\n<p>Karachi: Association of Builders and Developers (ABAD) Chairman Altaf Tai has urged the government to consider the implementation of a barter system with neighboring countries to benefit the construction industry, news sources reported on February 1.\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>Altaf stressed that there is a huge need for timely actions to boost the construction industry and import construction-related materials. He said that the construction industry growth will be impacted by the dollar rate change and the higher construction material prices<a href=\"https:\/\/www.zameen.com\/news\/steel-shortage-coming-arif-habib-ltd.html\" target=\"_blank\" rel=\"noreferrer noopener\"> including cement, steel<\/a>, and finishing materials will slow down the construction industry. He added that the builders and developers throughout the country are halting their projects due to higher construction material prices that will eventually push real estate prices up which will not be feasible for the end consumers. in this situation barter system with neighboring countries would reduce the risk of complete halting of construction work. He also urged the government to take timely steps to save all construction-allied industries.\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/steel-shortage-coming-arif-habib-ltd.html\" target=\"_blank\" rel=\"noreferrer noopener\">Country-wide steel shortage likely in coming days: Arif Habib Ltd<\/a><\/p>\n\n\n\n<p>It is important to note that the steel prices reached a historic high of PKR 270,000 per ton by the end of January, due to higher import duties and the dollar-to-rupee exchange rate.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Association of Builders and Developers (ABAD) Chairman Altaf Tai has urged the government to consider the implementation of a barter system with neighboring countries to benefit the construction industry, news sources reported on February 1.\u00a0 Read: ABAD chairman asks govt to stabilise cement and steel bars prices Altaf stressed that there is a huge need for timely actions to boost the construction industry and import construction-related materials. He said that the construction industry growth will be impacted by the dollar rate change and the higher construction material prices including cement, steel, and finishing materials will slow down the construction industry. He added that the builders and developers throughout the country are halting their projects due to higher construction material prices that will eventually push real estate prices up which will not be feasible for the end consumers. in this situation barter system with neighboring countries would reduce the risk of complete halting of construction work. He also urged the government to take timely steps to save all construction-allied industries.\u00a0 Read: Country-wide steel shortage likely in coming days: Arif Habib Ltd It is important to note that the steel prices reached a historic high of PKR 270,000 per ton by&hellip;<\/p>\n","protected":false},"author":84,"featured_media":78380,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013],"tags":[5726,56142,45973,56141,55952],"persona":[],"class_list":{"0":"post-91907","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"tag-abad","9":"tag-abad-appeal","10":"tag-abad-pakistan","11":"tag-barter-system","12":"tag-pakistan-steel-prices","13":"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>ABAD for barter system in construction industry\u00a0 - Zameen News<\/title>\n<meta name=\"description\" content=\"ABAD Chairman Altaf Tai has urged the government to consider barter system with neighboring countries to benefit the construction industry\" \/>\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-barter-system-construction.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ABAD for barter system in construction industry\u00a0 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"ABAD Chairman Altaf Tai has urged the government to consider barter system with neighboring countries to benefit the construction industry\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/abad-barter-system-construction.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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