{"id":95329,"date":"2023-10-30T12:49:21","date_gmt":"2023-10-30T07:49:21","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=95329"},"modified":"2023-10-30T12:49:22","modified_gmt":"2023-10-30T07:49:22","slug":"construction-material-costs-see-another-hike","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/construction-material-costs-see-another-hike.html","title":{"rendered":"Construction materials\u2019 price surge despite petrol price drop"},"content":{"rendered":"\n<p>Karachi: In the wake of recent developments, construction material costs have seen a significant surge, despite a recent decrease in petrol prices, according to a news source on October 28.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/steel-industry-lower-interest-rates.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP urged to lower interest rates to support steel industry<\/a><\/p>\n\n\n\n<p>The news source shared that the cement bags are now priced at PKR 1,200 and the cost of gravel has risen to PKR 125 per sq. ft. Moreover, the price of a sand trolley has spiked to PKR 18,000 per trolley, and steel prices have reached PKR 270 per kilogram.<br><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/rawalpindi-property-valuation-shows-discrepancies.html\" target=\"_blank\" rel=\"noreferrer noopener\">Rawalpindi property valuation reveals glaring discrepancies: FTO<\/a><\/p>\n\n\n\n<p>In addition, 1000 bricks are now priced at PKR 15,000. In response to these hikes, construction projects have been put on hold, leading to an increase in worker wages. Earlier, Former Minister Ishaq Dar highlighted the construction sector\u2019s importance, emphasizing the government\u2019s focus on providing relief to both the general public and builders in the Federal Budget 2023-24.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: In the wake of recent developments, construction material costs have seen a significant surge, despite a recent decrease in petrol prices, according to a news source on October 28. Read: SBP urged to lower interest rates to support steel industry The news source shared that the cement bags are now priced at PKR 1,200 and the cost of gravel has risen to PKR 125 per sq. ft. Moreover, the price of a sand trolley has spiked to PKR 18,000 per trolley, and steel prices have reached PKR 270 per kilogram.Read: Rawalpindi property valuation reveals glaring discrepancies: FTO In addition, 1000 bricks are now priced at PKR 15,000. In response to these hikes, construction projects have been put on hold, leading to an increase in worker wages. Earlier, Former Minister Ishaq Dar highlighted the construction sector\u2019s importance, emphasizing the government\u2019s focus on providing relief to both the general public and builders in the Federal Budget 2023-24.<\/p>\n","protected":false},"author":88,"featured_media":92559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[1681,57568,2856],"persona":[],"class_list":{"0":"post-95329","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-construction-material-prices","9":"tag-petrol-price","10":"tag-price-hikes","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>Construction Material Costs See Another Hike - Zameen News<\/title>\n<meta name=\"description\" content=\"Learn about the impact of recent developments on construction material costs despite a drop in petrol prices, reported on October 28.\" \/>\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\/construction-material-costs-see-another-hike.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Construction Material Costs See Another Hike - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Learn about the impact of recent developments on construction material costs despite a drop in petrol prices, reported on October 28.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/construction-material-costs-see-another-hike.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-30T07:49:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-30T07:49:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/02\/Construction-material-News-Cover-1170x400-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Zohaib Nasir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Zohaib Nasir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Construction Material Costs See Another Hike - Zameen News","description":"Learn about the impact of recent developments on construction material costs despite a drop in petrol prices, reported on October 28.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/construction-material-costs-see-another-hike.html","og_locale":"en_US","og_type":"article","og_title":"Construction Material Costs See Another Hike - Zameen News","og_description":"Learn about the impact of recent developments on construction material costs despite a drop in petrol prices, reported on October 28.","og_url":"https:\/\/www.zameen.com\/news\/construction-material-costs-see-another-hike.html","og_site_name":"Pakistan Real Estate News &amp; 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