The pandemic of 2020 caused great havoc on a worldwide scale, not just on health, but rather, it has infiltrated itself deeply into the economic downfall of countries at large, many of which have shut down their renowned businesses in the looming fear of consistent losses and bankruptcy that they might have to face. Additionally, a very alarming cause of concern has been the sudden spike in prices in everyday commodities, which otherwise had been conveniently priced before this pandemic.
Considering all things, Pakistan has not been protected from these pressing issues, and continues to face serious economic problems in the wake of corona virus.
There has been a prominent surge in prices here in Pakistan. While the lockdown was being implemented many services were put on hold, as companies tried to wait out this horrific time whilst coming up with profitable solutions to face life with the corona virus.
As life was halted during the lockdown, companies had to resurge their profits with the raised prices of their products. Since the partial lockdown was enforced on April 15, 2020 all prices began fluctuating during that time period; mostly they just went really high. After the lockdown on construction activities was lifted, the prices of construction materials were revised, with newly implemented rates announced shortly after.
Many people were in the middle of their specific construction projects, and many wanted to get onboard new projects, so the only way to save the industry economically was to reopen the services while all the SOPs were being maintained. Below are the revised prices for construction materials in the open market:
• Standard Bricks are for Rs. 10,000/ per 1,000 bricks.
• Cement is for Rs. 550/ per bag.
• Rebar is for Rs. 150,000/ per tonne. Previously it was being sold for about Rs. 90,000/ per tonne.
• Sand (Trolley) is about Rs. 3,000/.
• Sand (Suzuki) is for Rs. 1,500/.
• Gravel (Trolley) costs about Rs. 5,000/.
• Gravel (Suzuki) ranges from Rs. 1,500/ to about Rs. 1,700/.
These are the newly added prices for each type of construction material available within Pakistan in the year 2020.