fbpx
Join eProperty WhatsApp Channel

Join Pakistan’s Most Popular Whatsapp Channel for Property New Updates and Daily Prices

HOT | PLOTS | BOOKINGS | UAN: 03 111 042 111

eProperty®

Learn, Share & Grow

AXIS Lahore for Sale

Rising construction costs shatter people’s dreams in Pakistan

ISLAMABAD: Contractor halted work on their projects, citing increase in costs of construction, rise in prices of steel from 47,000 rupees per tonne to 84 000, upward movement of cement prices thrice in nine months.

Noman Akbar, who booked a house in under-construction housing scheme in a locality in Rawalpindi, said his contractor had stopped work on house, saying that he could not bear its costs any more.

Many people attribute this unprecedented hike to previous government’s lack of vision to foresee the coming boom while others term it as unlawful cartelisation of manufacturers.

Experts believed the government should sit with various stakeholders to find out the modus operandi to address this problem. The said export of cement should be banned, abolition of sales tax and excise duty be announced immediately, controversial clauses from contractors agreement should be abolished. “Construction activity supports at least 50 other industries in the country. How these industries will survive if there is no activity at all,” asserts Noman Akbar.

Source: The Post

Rising construction costs shatter people’s dreams in Pakistan
eProperty WhatsApp Community

Join the eProperty Community for daily Pakistan Property rate updates, the latest developments, and news.

eProperty WhatsApp Community

Property buying and selling was never easy before; simply connect with our WhatsApp hotline for absolutely free property consulting. Please save this number, +923111042111 in your contact list to get regular updates from us; otherwise, you will not receive any updates.

Rising construction costs shatter people’s dreams in Pakistan
Scroll to top
Open chat
WhatsApp Hotline
السلام عليكم ورحمة الله وبركاته

مہربانی فرما کر ہمارا نمبر 00923111042111 اپنے موبائل کی رابطہ لسٹ میں محفوظ کر لیں۔ اگر یہ نمبر آپکے موبائل کی رابطہ لسٹ میں محفوظ نہی تو آپ کو ہماری طرف سے تازہ معلومات موصول نہی ہوں گی۔

Kindly save this number in your contact list for future updates. You will not received our WhatsApp updtaes if this number +923111042111 is not saved in your contact list.

Atif Iqbal from eProperty®