Steel bar prices have further increased to Rs. 120,000 per tonne from Rs. 116,000 earlier this month. Following the hike, the cement prices have further rise to Rs. 700 from Rs. 650 per 50 kg bag.
The Chairman of Association of Builders and Developers of Pakistan (ABAD) said around three months back, steel bar and the 50 kg cement bag were available at Rs. 95,000-96,000 per tonne and Rs 550, respectively.
These cartels are denting the economy besides destroying construction industry which provides jobs to more than 2.5 million skilled, semi-skilled and unskilled workforce. The
The hike in the cement and steel prices have rebounded these sectors today and Cement sector clocked in the highest volume of 23.8 Million shares.