Steel price per ton reaches Rs2.88 million, witnessing an increase of Rs8,000.


Karachi: Steel has hit an all-time high in terms of pricing. According to J.S. Research, following an increase of Rs8,000, the price of steel has climbed to Rs2.88 million per ton.
Economic experts suggest that the continuous surge in steel prices raises concerns about the future of infrastructure projects and fundamental development in Pakistan.
The construction sector, which is integral to the country's economic advancement, is grappling with the crisis stemming from escalating raw material costs and fluctuations in the value of the Pakistani rupee.
It remains evident that the trend of increasing dollar value against the Pakistani rupee in interbank exchange is persisting.
It's worth noting that within a mere two weeks, the dollar has risen by Rs15 in interbank markets, while it is Rs20 more expensive in the open market.

Power Rankings: Big wins and early breakout stars following Week 3
- 6 hours ago
India says trade talks with US were ‘positive’
- 2 hours ago
Wego expands presence in Pakistan, bring more travel choices to local travelers
- 2 hours ago
Kazakhstan bans forced marriages and bride kidnapping
- 5 hours ago

At least 50 killed after refugee boat catches fire off Libyan coast
- 2 hours ago

Lahore police arrest man for sexually assaulting stepdaughter
- 6 hours ago
FIA cracks down on illegal migration: 13 caught en route to Iran
- 5 hours ago

Qatar won’t be attacked again, says Trump after Israeli strikes
- 6 hours ago
First ODI: Sidra Ameen’s ton helps Pakistan women set South Africa 256-run target
- an hour ago
Cinema legend Robert Redford dies at 89
- 3 hours ago
Luxembourg announces intention to recognize Palestinian state
- 2 hours ago
OGRA hikes kerosene oil price
- 4 hours ago