Builders Criticize Rising Steel Prices, Demand Removal of Duties
Builders and developers have requested exemption from regulatory duties and additional regulatory duties on imported steel prices to stabilize as rebar prices increase significantly in the local market.
According to local media reports, the price of rebar, which was around Rs 117,000/ton in November 2020, has now increased to Rs 142,000, which threatens to hinder the progress of the construction industry despite the initiatives. of the government.
In this regard, the Association of Builders and Developers of Pakistan (ABAD) has called on the government to abolish the regulatory tax and the additional regulatory tax on imported steel to maintain steel price stability.
Similarly, a member of the National Coordinating Committee on Housing, Construction and Development (NCCHCD) asked Prime Minister Imran Khan to allow the import of rebar to improve competition and control corporatization.
However, experts say the tax exemption won’t make much of a difference as prices are skyrocketing due to rising international prices.
Please check out the Al Sadat Marketing website to find out what’s going on.
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005