Cement News tagged under: Association of Builders and Developers of Pak

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ABAD of Pakistan send SOS to save the construction industry

14 March 2023, Published under Cement News

The Association of Builders and Developers of Pakistan (ABAD) expressed its concern about the high and burgeoning prices of steel bars in the country and the ultimate effect on the construction industry. In an appeal, the ABAD drew the government’s attention and urged it to take immediate decisions to contain the soaring prices of steel bars. Prices of steel bars have risen from PKR195,000/t (US$694/t) to PKR310,000/t (US$1103/t)in the last 30 days.  ABAD’s demands include steel bars i...

Pakistan announces the much-anticipated construction package

07 April 2020, Published under Cement News

Pakistan's Prime Minister, Imran Khan, last week announced the much-awaited Construction Package, which is mainly comprised of tax incentives for the construction industry. The sector has now been given the status of an industry. Economists and research houses called the package a boost for the construction and cement industries with little reservation and pointed out that while it looks very good on paper, the timing of its announcement is less than ideal, due to the atmosphere of uncert...

ABAD makes new appointments at AGM

07 October 2019, Published under Cement News

Association of Builders and Developers of Pakistan (ABAD), one of the top cement users in the country, made changes in its top office bearer for 2019-20 at its AGM last week. Patron-in-Chief of Allied Panel, Mohsin Sheikhani of Hina Housing Project (Pvt) Ltd, was unanimously elected as chairman of ABAD for 2019-20. Mr Sheikhani has twice served as ABAD chairman previously. Sohail Warind, Abdul Rehman and Muhammad Ali Ratadia were elected as senior vice chairman, vice chairman and chairman s...

Construction ban on high-rise buildings withdrawn

12 December 2018, Published under Cement News

The Supreme Court of Pakistan has withdrawn its order banning high-rise constructions beyond six floors in the metropolis. A three-judge bench headed by Chief Justice of Pakistan (CJ), Justice Mian Saqib Nisar, heard a petition filed by the Association of Builders and Developers (ABD) against the ban on high-rise constructions at the SC's Karachi Registry. Earlier, ABAD repeatedly have drawn the attention of President of Pakistan, Dr Arifur Rehman Alvi; the Chief Justice of Pakistan, Mian S...

ABAD calls for Pakistan's government to support construction in Karachi

20 November 2018, Published under Cement News

The Association of Builders and Developers of Pakistan (ABAD), one of the main cement consumers in the country has called on Prime Minister Imran Khan, Federal Finance Minister Asad Umar and Syed Murad Ali Shah, the chief minister of Sindh to save the construction industry from crisis. In an appeal, the association has pointed out that the construction industry has been suffering due to the ban on the construction of high-rise building in Karachi. That has caused financial losses to the me...