The depreciation of the US dollar has led to a significant decrease in the prices of construction equipment on an annual basis. Market sources reveal that the minimum price of local currency has dropped by a total of 13 thousand rupees. Currently, the minimum price of local serry stands at 2 lakh 29 thousand rupees … Read more
The fear of a global recession has led to a decline in iron ore prices in Pakistan, dropping to 22 thousand rupees per ton. With China being one of Pakistan’s major trading partners for steel and iron ore, the ripple effects of declining prices are keenly felt across the nation. The drop in iron ore … Read more
ISLAMABAD: Construction costs in Pakistan have surged once again due to a sharp hike in steel prices. The ongoing economic crisis, coupled with persistent delays in shipment arrivals, has compounded the issue, adversely affecting individuals intending to construct homes. The price of steel rebar, commonly known as iron, has spiked by Rs5,000 per ton due … Read more
In a significant development affecting Pakistan’s industrial sector, there has been a substantial increase in domestic steel prices, setting off a chain reaction that may impede progress in the industry. Local steel producers have announced a price increase of Rs. 7,000 per ton, commencing January 8, 2024. According to JS Research, the new steel rebar … Read more
