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Construction & Real Estate

Earthquake resisting steel a must to avert disasters

  The use of below-par steel products appeared to be a major reason behind hundreds of deaths caused by a devastating earthquake that rattled Philippines’s island provinces of Bohol and Cebu on October 15, 2013. At least 222 people were reported killed and over 970 others wounded in the calamity, masterly, because of the collapsed building structures. Karachi too is believed to have gathered all the odds that, someday, may …

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Man of steel: State of Pakistan’s steel sector

  Pakistan Ship Breakers Association (PSBA) welcomed the government’s decision to impose 15% Regulatory Duty (RD) on the import of all steel billets, steel bars and wire rods at a time when the country’s steel industry is trying its survival in the face of international competition. Steel melters, ship breakers and large scale re-rollers had approached the Federal Board of Revenue (FBR), and relevant ministries on the rising difference between …

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Stiff challenge over influx of Chinese steel products

  Upto 30 to 35pc regulatory duty on steel products required to provide level-playing field to local industry While the influx of Chinese steel in the country is hurting the local industry, the widening price difference is also causing surge in imports. Not only the private sector, but the Pakistan Steel Mills (PSM) is also facing a stiff challenge due to Chinese imports. The PSM is finding it very difficult …

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Quality concerns on imported steel billets and bars

  Pakistan has seen a surge in imported steel products including steel billets, bars, wire rods and flat sheets. Approximately 250,000 tons of steel billets, bars and wire rods were imported in 2014, which posted a 40% increase over the quantity imported in 2013. These steel products are being used in critical applications in the country’s infrastructure such as high-rise buildings, bridges, and dams. Since Pakistan occupies a dangerous position …

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The significance of Pak-China cooperation in infrastructure development

  The importance of Pak-China cooperation in infrastructure development can be best understood if one goes through the Indian opposition of Chinese support for Gwadar port. Although, India itself is helping Iran in construction of Chabahar port, located at a distance of around 70 kilometers from Gwadar. It seems that India is fully aware of the fact that Pakistan offers the shortest and cost effective route to Central Asia via …

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Boom in the property development may gear up further if taxation mechanism is rationalized in Pakistan

  Heavy taxes may stall investment in real estate sector Interview with Mohammad Hanif Gohar – Chairman, Association of Builders & Developers of Pakistan  (ABAD)   Profile Mohammad Hanif Gohar is the Chairman of Gohar Group of Companies since 1988. He is a man of exemplary vision and enterprise, having led the Group for three decades, to international shores and having proven the competency and capabilities of the Pakistani housing, …

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Ready mix concrete business increasing and has good future

  Interview with Mr. Tufail Ahmed Sheikh – COO, Safe Mix Concrete Ltd Profile Mr. Tufail Ahmed Sheikh is currently serving Safe Mix Concrete Limited in the capacity of Chief Operating Officer. He has an extensive experience of ready mix concrete industry spanning an appreciable period of over nine years. He also has to credit a couple of years’ experience of working as Marketing Manager in Dewaan Salman Fiber Limited …

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Saudi Pak real estate takes great pride in Lahore housing project

  Saudi Pak Real Estate Limited takes great pride in launching its project of Saudi Pak Houses at Paragon City, Burki Road, Lahore. Saudi Pak Real Estate Limited is the wholly owned subsidiary of Saudi Pak Industrial and Agricultural Investment Company Limited (Saudi Pak). Established in 1981, Saudi Pak is a joint venture between the Government of Islamic Republic of Pakistan and Kingdom of Saudi Arabia. It enjoys strong and …

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E-commerce revolutionizes real estate business in Pakistan

  Interview with Saad Muhammad Arshed Malik – MD, Lamudi-Pakistan Saad Arshed Malik, Managing Director Lamudi-Pakistan while giving an overview of the vision and scope of Lamudi especially in the property and real estate sector said that Lamudi’s vision is to bring ease of access to people wherever they are in Pakistan in terms of property searching. Our objective is to help individuals in the property markets to find their …

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