Many steel re-rolling mills have been closed down in Sindh and Baluchistan as the result of low demand in Karachi. According to Association of Builders and Developers of Pakistan (ABAD), 70 units of steel re-rolling mills have been shut down and 25,000 workers lost their jobs. There is low demand and consumption of steel bars in the market as the result of a Supreme Court ban on high rise buildings in Karachi.
The chairman of ABAD Mr. Bakshi said that Supreme Court of Pakistan had banned the construction of multi-story buildings in Karachi on the basis of a misconceived water crisis report by Karachi Water and Sewerage Board (KW&SB). He said around half a million workers from construction and allied industries had lost their livelihoods in Karachi. He blamed Sindh government for not taking concrete steps and actions to solve the issue.
The Supreme Court imposed the ban 19 months ago in Karachi now been extended to Hyderabad. The Supreme Court had given the permission to construct the 6 story buildings in its order. The builders and developers shelved many high rise building projects after the ban. This has resulted in the fall of demand and consumption. The steel industry is facing serious and deep crisis in this situation.
The issues of land grabbing and illegal allotments also slowed down the pace of construction in Karachi. The FIA is investigating the cases of illegal allotment of land and illegal constructions. Thousands of acres of land in Karachi had been grabbed, illegally occupied and allotted to builders in Karachi over the years.
Karachi is facing severe water shortage and crisis. The running water is not available in many areas of Karachi. The people have been forced to buy water from tanker mafia. The Supreme Court imposed ban on high rise buildings due to the severe shortage of water. Both the federal and provincial governments did nothing to solve the water crisis in Karachi.
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17 November, 2019