ISLAMABAD – Cement prices witnessed a back-to-back surge in Pakistan, but the price of key binder moved down recently amid appreciation of the local currency.
In a major development for construction industry, cement prices in the country experienced negative trajectory, data shared by Pakistan Bureau of Statistics revealed.
Cement’s lowering prices are said to have a positive impact on the construction sector, influencing several aspects of building projects. The price of key components of concrete affects the overall cost of construction materials. As cement prices are stable, construction projects become more financially feasible, encouraging developers and builders to initiate new projects.
Lately, cement prices in northern regions saw 0.57pc plunge, and the price of cement bags stands at Rs1,238.
In the southern region, the average price per sack stands at Rs1,191, showing a slight drop.
Cement prices vary across several cities in Pakistan. In the twin cities of Rawalpindi and Islamabad, cement price recorded at Rs1,216, while Gujranwala saw Rs1,260, and Sialkot at Rs1,280.
In Lahore, the rate stands at Rs1,300, and Rs1,260 at Faisalabad.
if cement prices move down, encouraging start of new projects and helping overall economy grow.
