- Cement prices have risen by 207 rupees per 50-kg bag.
- The federal excise duty on cement has increased from 3 rupees to 4 rupees per kilo.
- The construction industry faces double challenges due to the increase in cement prices.
Federal Budget Impact on Cement Prices
The federal budget raised the federal excise duty on cement from 3 rupees to 4 rupees per kilo. This adjustment has promptly caused an increase in the price of cement bags in the first week of the new financial year.Cement Prices Across Various Cities
The Bureau of Statistics has published documents revealing varying increases in cement prices across different cities.- Larkana: The highest increase is 207 rupees per bag.
- Peshawar: An increase of 177 rupees per bag.
- Bannu: An increase of 163 rupees per bag.
- Quetta and Sargodha: Each saw an increase of 160 rupees per bag.
- Multan: An increase of 155 rupees per bag.
- Karachi and Lahore: Each experienced an increase of 150 rupees per bag.
- Islamabad: An increase of 151 rupees per bag.
- Gujranwala: An increase of 147 rupees per bag.
- Faisalabad: An increase of 140 rupees per bag.
- Sialkot: An increase of 130 rupees per bag.
- Hyderabad: An increase of 120 rupees per bag.
- Rawalpindi: An increase of 107 rupees per bag.
- Khuzdar: A smaller increase of 23 rupees per bag.
Impact on the Construction Sector
The significant increase in cement prices is anticipated to double the challenges for the construction industry. Higher costs will inevitably elevate the overall expenses of building homes and flats, making construction projects more costly.[embedpost slug="/mofa-documents-attestation-new-fee-effective-july-8-2024/"]
For those in construction or planning building projects, this price increase is crucial to factor into budgeting and financial planning.
