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Tag: Association of Builders and Developers

ABAD House Pakistan

Boycott results fall in steel prices: ABAD

March 2, 2023March 2, 2023Hamza Shahnawaz

KARACHI: Association of Builders and Developers of Pakistan (ABAD)’s boycott of steel purchase has brought positive result as steel manufacturers have brought down prices of steel to Rs271,000 from Rs345,000 per ton.

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Steel Producers

Steel producers reject allegations of ABAD

February 25, 2023February 25, 2023Mrs. Anjum Shahnawaz

ISLAMABAD: Pakistan Association of Large Steel Producers (PALSP) has rejected allegations leveled by builders and developers regarding price hike of steel bars.

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ABAD House Pakistan

Construction industry continues boycott steel purchase

February 24, 2023February 24, 2023Hamza Shahnawaz

KARACHI: Construction industry has continued boycott the purchase of steel bars in protest of high prices.

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ABAD House Pakistan

Housing construction comes to halt in Pakistan on high steel prices

February 9, 2023February 9, 2023Faisal Shahnawaz

KARACHI: Housing constructions comes to a halt in Pakistan as an association on Wednesday decided to boycott purchasing steel due to high prices.

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Builders and Developers

ABAD urges barter trade to save construction industry

January 31, 2023January 31, 2023Faisal Shahnawaz

KARACHI: Association of Builders and Developers (ABAD) of Pakistan has urged the authorities to allow import of raw material on barter trade to save domestic construction industry.

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Builders and Developers

ABAD denounces IMF demand to stop incentives

February 8, 2022February 8, 2022Hamza Shahnawaz

KARACHI: Mohsin Sheikhani, Chairman Association of Builders and Developers of Pakistan (ABAD) has strongly denounced the demand of the International Monetary Fund (IMF) for ‘Unwinding’ the two key measures for the promotion of housing and construction activities and said that the suggestion of IMF will further weaken the economy of Pakistan. In a statement on […]

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Builders and Developers

Builders, developers stop work on all projects in protest

November 25, 2021November 26, 2021Faisal Shahnawaz

KARACHI: Builders and developers have announced to stop construction work on all their projects from Friday, November 26, 2021 against the declaration of null and void to approved projects. Mohsin Shekhani, Chairman, Association of Builders and Developers Pakistan (ABAD) in a statement said that work at all the approval projects in Karachi will stop functioning. […]

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MTO Karachi ABAD

MTO Karachi asks taxpayers to file income tax returns

September 22, 2021January 14, 2024Faisal Shahnawaz

Hameed Memon, Chief Commissioner Inland Revenue of the Medium Tax Office (MTO) in Karachi, has issued a heartfelt appeal to taxpayers, urging them to file their income tax returns as a national obligation and a service to the country.

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Builders and Developers

Builders, developers demands action against price hike

August 31, 2021October 8, 2025Hamza Shahnawaz

KARACHI: Fayyaz Ilyas, chairman, Association of Builders and Developers of Pakistan (ABAD), has demanded stern action against the cartel of cement manufacturers. He said that cement and steel are basic raw material for the construction industry

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FBR amnesty

ABAD seeks amnesty scheme extension for six months

August 1, 2021August 1, 2021Mrs. Anjum Shahnawaz

KARACHI: Association of Builders and Developers (ABAD) has urged the government to extend the amnesty scheme for six months to document another Rs1 trillion. Fayyaz Ilyas, Chairman, ABAD, in a statement said that the investment in Construction Industry will double to Rs2 trillion if special construction package is extended at least for six months. Quoting […]

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