Lahore is experiencing a significant spike in cement prices and those of other construction material following a strike by the cement industry and the imposition of new taxes. This price hike is likely to impact the construction process.
The price of a cement bag has risen by Rs250 to Rs300, now ranging from Rs1,480 to Rs1,500. This increase has had a ripple effect, causing prices for other construction materials like sand, gravel, and bricks to also rise.
The strike by cement dealers, coupled with the new tax measures, is creating a crisis for both consumers and businesses.
Shopkeepers are expressing deep concern about the impact on construction activities and the potential for a complete halt in business if the strike persists.
Also Read: Pakistan cement supply stops, as dealers observe strike
The dealers association strike has exacerbated the situation, leading to further worries about the continuity of employment for thousands of families dependent on the construction sector.
Shopkeepers are calling on the government to reconsider its decision on the new taxes to help stabilize prices and ensure the ongoing employment of those in the industry. They argue that the increased costs are not only affecting their businesses but also putting a strain on the broader construction process, which could lead to delays and halted projects.
As the situation unfolds, both buyers and sellers are anxiously awaiting resolution, hoping for an end to the strike and a reassessment of the tax policies to mitigate the financial strain on the construction industry and protect jobs.
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