Rates of Cement Prices Increase in Pakistan in 2023
Islamabad: According to the latest updates, the cement prices in Pakistan for 2023 have experienced a significant increase of 43% across various markets. This surge in prices can be attributed to factors such as inflation, high prices of consumer goods in general, production costs, elevated petrol rates, and the rise in the value of the dollar. Consequently, many contractors and builders have raised cement prices as they find themselves with limited alternatives.
Read More: Construction Materials in Pakistan Updated Prices 2023
However, if there were to be a decline in cement prices or a price war, it would not necessarily result in increased spending on construction when compared to other expensive commodities like steel. Additionally, over the past 10 months, there has been an 18% decrease in domestic cement dispatches, a 16% decrease in domestic consumption, and a 29% decrease in exports.
Presently, it is unlikely that cement manufacturers will reduce prices. Therefore, consumers can either purchase cement at the current set prices or choose to wait until the prices become more favorable.
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