PALSP says nearly 500,000MT smuggled annually resulting in losses of Rs25 billion
PALSP says only 30% mills operating as scrap prices paralyse industry
ABAD leadership says if govt doesn’t help, builders will move investments to other countries
Say surge in steel bar prices has forced construction industry to close business
Struggling to stay afloat amid shortage of raw material, high inflation
Builders boycott purchase of steel in protest against soaring prices
Calls on govt, SBP to resolve LC crisis, ensure industry’s survival
Sharpest YoY drop in the last 10 years, indicates low level of activity in construction sector
PALSP demands strict enforcement of PSQCA rules and standards
Blames flawed planning, lack of regulatory oversight on part of govt