{"id":97834,"date":"2024-07-08T11:07:05","date_gmt":"2024-07-08T06:07:05","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=97834"},"modified":"2024-08-06T14:24:03","modified_gmt":"2024-08-06T09:24:03","slug":"cement-cost-surge-impacts-construction-projects","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cement-cost-surge-impacts-construction-projects.html","title":{"rendered":"Cement price hike impacts construction projects in Lahore, Peshawar"},"content":{"rendered":"\n<p>Islamabad: The price of a 50 kg bag of cement has surged dramatically in Pakistan, reaching up to Rs1,500, as reported by the Pakistan Bureau of Statistics on July 8. <\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/apcma-declares-growth-cement-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\">PAK\u2019s Cement Industry experiences 7.83% growth in May 2024, APCMA reports<\/a><\/p>\n\n\n\n<p>According to the details,  cities like Lahore and Peshawar are particularly affected by this price hike. Larkana has witnessed a staggering increase of Rs207 per bag within just one week. Similarly, Peshawar, Bannu, and Quetta have experienced significant hikes of Rs177, Rs163, and Rs160 respectively. In other regions, prices have risen by Rs160 in Sargodha, Rs155 in Multan, and Rs151 in Islamabad. Karachi and Lahore saw an increase of Rs150 per bag. Notable increases were also observed in Gujranwala (Rs147), Faisalabad (Rs140), and Sialkot (Rs130), while Hyderabad and Rawalpindi experienced rises of Rs120 and Rs107 respectively. Khuzdar reported a more modest increase of Rs23 per bag during the week.<\/p>\n\n\n\n<p>The surge in prices follows a recent federal budget decision to increase Federal Excise Duty on cement from Rs3 to Rs4 per kilogram. This change has had a profound impact, affecting construction projects and property development across the country. In contrast, Pakistan\u2019s cement exports surged by an impressive 72.16% in May 2024 compared to the previous year. According to the All Pakistan Cement Manufacturers Association, exports reached 917,962 tons, marking significant growth from 533,215 tons in the previous year.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/shc-urges-karachi-development-plan-2020.html\" target=\"_blank\" rel=\"noreferrer noopener\">SHC seeks plan on enforcement of Karachi Strategic Development Plan 2020<\/a><\/p>\n\n\n\n<p>This surge in exports underscores robust international demand amidst domestic price hikes, highlighting both challenges and opportunities for Pakistan\u2019s cement sector moving forward.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The price of a 50 kg bag of cement has surged dramatically in Pakistan, reaching up to Rs1,500, as reported by the Pakistan Bureau of Statistics on July 8. Read: PAK\u2019s Cement Industry experiences 7.83% growth in May 2024, APCMA reports According to the details, cities like Lahore and Peshawar are particularly affected by this price hike. Larkana has witnessed a staggering increase of Rs207 per bag within just one week. Similarly, Peshawar, Bannu, and Quetta have experienced significant hikes of Rs177, Rs163, and Rs160 respectively. In other regions, prices have risen by Rs160 in Sargodha, Rs155 in Multan, and Rs151 in Islamabad. Karachi and Lahore saw an increase of Rs150 per bag. Notable increases were also observed in Gujranwala (Rs147), Faisalabad (Rs140), and Sialkot (Rs130), while Hyderabad and Rawalpindi experienced rises of Rs120 and Rs107 respectively. Khuzdar reported a more modest increase of Rs23 per bag during the week. The surge in prices follows a recent federal budget decision to increase Federal Excise Duty on cement from Rs3 to Rs4 per kilogram. This change has had a profound impact, affecting construction projects and property development across the country. In contrast, Pakistan\u2019s cement exports surged by an impressive 72.16%&hellip;<\/p>\n","protected":false},"author":89,"featured_media":94788,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[58708,58707,58711,58709,58713,58710,58712,949,54568],"persona":[],"class_list":{"0":"post-97834","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-islamabad-cement-price","9":"tag-lahore-cement-price","10":"tag-larkana-cement-price","11":"tag-multan-cement-price","12":"tag-pakistan-cement-price","13":"tag-peshawar-cement-price","14":"tag-quetta-cement-price","15":"tag-real-estate-news","16":"tag-zameen-news","17":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cement cost surge impacts construction projects - Zameen News<\/title>\n<meta name=\"description\" content=\"The price of a 50 kg bag of cement has surged dramatically in Pakistan, reaching up to Rs1,500, reported by the Pakistan Bureau of Statistics.\" \/>\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\/cement-cost-surge-impacts-construction-projects.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cement cost surge impacts construction projects - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The price of a 50 kg bag of cement has surged dramatically in Pakistan, reaching up to Rs1,500, reported by the Pakistan Bureau of Statistics.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cement-cost-surge-impacts-construction-projects.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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