KARACHI: A persistent hike in steel and cement prices has continued to nullify the incentives offered by Prime Minister Imran Khan under a fixed tax regime for the construction industry.
Cement prices in the northern region went up Rs10, with the maximum retail price reaching Rs565-570 per bag with effect from December 31, 2020.
“The increase in cement prices comes on the back of a significant rise in international coal prices over the past two months, as per our channel checks,” said Topline Securities Deputy Head of Research Shankar Talreja. Read more…..
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