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Articles for tag: Balochistan, closed, FPCCI, gas bill, industries, Latest, ogra, Sind, SindhBalochistan

December 5, 2023

News Desk

90% of Sindh-Balochistan industries closed down

KARACHI: Industrialists claimed that nearly 90% of industries in Karachi and other industrial zones of Sindh and Balochistan remained closed on Monday to protest the higher duty on natural gas. “Nearly 90% of the industries in all the seven industrial zones of Karachi, along with other commercial bodies and industrial zones of Sindh and Balochistan, including the Lasbela Chamber of Commerce and Industry (LCCI), Nooriabad, Kotri and Hyderabad, have closed in solidarity. with the Karachi Chamber of Commerce and Industry (KCCI),” said Vice President of the Businessmen Group (BMG) Jawed Bilwani while addressing reporters at a press conference at the

November 8, 2023

News Desk

Steel rebar prices rose by as much as Rs 5,000 per tonne

KARACHI: The long-standing steel manufacturing industry has hiked rebar prices by up to Rs 5,000 per tonne with effect from Tuesday, a development that is likely to slow down the pace of construction activities already under pressure due to high inflation. Citing industry data, Topline Securities Senior Research Analyst Fahad Hussain Khan told The Express Tribune “this is the third consecutive increase in rebar prices since the government hiked gas prices (up to 193%) last month …with effect from November 1, 2023.” He said rod makers have cumulatively increased prices by Rs 17,000-18,000 per tonne nationally to pass on the

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