KARACHI: The Association of Builders and Developers of Pakistan (ABAD) on Tuesday said that the Rs5,000 per tonne increase in steel bar prices will hit the construction industry and Naya Pakistan Housing Scheme (NPHS).
In a statement, ABAD chairman Fayyaz Ilyas urged the government to abolish regulatory duty (RD) and additional regulatory duty (ARD) on import of steel bars to curb prices.
He said the construction industry had been ignored for the last seven decades, but Prime Minister Imran Khan has, for the first time, announced a special package for this key industry crucial for reviving the national economy.
Tougher action ordered against illegal housing schemes
Karachi
February 27, 2021
Sindh local government, housing and town planning secretary Syed Najam Ahmad Shah has ordered stricter action illegal housing schemes.
He issued the directive while chairing a meeting on Friday regarding the prevention of unlawful schemes. The meeting was attended by the special additional secretary local government, and Director General Sindh Building Control Authority Shamsuddin Soomro, and representatives of the Association of Builders and Developers of Pakistan and civil society.
Shah was informed that a crackdown against illegal constructions in different areas of the city was in the process. In light of directives of the chief minister and local government minister, the trend of illegal constructions in the city should be eradicated with full force without any mercy and leniency for anyone, he said.
The model house built on 720sq ft (80sq yards) on the NED University campus. Photo by writer
KARACHI: It was a marvel of engineering and architecture, on top of also being energy efficient and fireproof. The model house, the inauguration of which was organised at the NED University of Engineering and Technology campus on Saturday, is bright, spacious and comfortable. And the best thing about it is that it is low-cost and can be constructed within six weeks.
Looking to develop energy efficient and low-cost housing facilities in a sustainable way, the Centre for Affordable Housing and Sustainable Built Environment (CAHSBE) and NED University joined hands with the construction industry to come up with the housing model in accordance to the affordable/low-cost housing as envisioned by Prime Minister Imran Khan.
Govt urged to facilitate development of Gwadar
ABAD chairman says construction package will steer country towards growth
Builders have appreciated the present government for allotting construction sector the status of an industry keeping in view the importance of this sector.
Addressing an event on Thursday, Association of Builders and Developers of Pakistan (ABAD) Chairman Fayyaz Ilyas lamented that development of the construction sector had been ignored for more than the past five decades.
He said that the comprehensive construction package, announced by Prime Minister Imran Khan, will help steer the country towards economic development.
Also speaking on the occasion, ABAD former chairman Mohsin Sheikhani urged the government to introduce business friendly policies at the National Accountability Bureau (NAB), Federal Investigation Agency (FIA) and other similar departments for economic growth of Pakistan.
Cement, steel prices continue to soar
Uptrend hampering recovery of construction activities in country
Given the current jump in demand, the price of coal has jumped to $90 per ton. PHOTO: FILE
Owing to an expected jump in demand for steel and cement around the globe following the invention of Covid-19 vaccines, the uptrend in local prices for the two commodities has accelerated, which is hampering the recovery of construction activities in Pakistan.
Amreli Steels has announced a hike in the price of rebars by Rs5,000 per ton in addition to an increase of Rs5,000 per ton announced earlier during the month, said JS Global analyst Arsalan Ahmed in comments to The Express Tribune.