The International Monetary Fund has opposed the government’s proposed Rs115 billion relief package for the construction and property sectors, creating uncertainty over a key economic initiative announced in Budget 2026-27. The package was designed to stimulate investment, encourage property transactions and support broader economic activity through increased construction and development. Under the proposed measures, the […]
Construction package
Scrap at 7 year high – rebar prices to increase further
International scrap prices have increased by 22.2pc CYTD to currently stand at US$517 per metric ton compared to CY20 average of US$287 per metric ton as global demand recovers with economic activity picking up while supply remains restricted. Additional stimulus to scrap prices has been provided by strong rebar demand in China leading the country […]