News
Strait of Hormuz Crisis: Why Your Construction Costs Are Changing
Real Estate Analyst
1 min read
The Update: Tensions in the Strait of Hormuz remain at a critical level this week. After a brief 10-day ceasefire, the waterway—which carries 25% of the world’s oil—remains under a "selective transit" regime.
Why it matters for Milkiyat Users:
- Fuel Prices: Volatility in the Strait is the primary reason for the recent see-saw in petrol and diesel prices in Pakistan.
- Material Costs: Higher oil prices increase the cost of producing and transporting cement, steel, and bricks.
- Investment Sentiment: While the "Islamabad Talks" (held April 11-12) offered hope for de-escalation, the market remains cautious.
Milkiyat Insight: Stable energy routes mean stable property prices. We are monitoring the situation to help you time your construction projects perfectly.
More news
- Lahore Faces Up to Eight Hours of Urban Power Outages Amid Energy Shortfall
Lahore and nearby districts are facing prolonged electricity outages, with urban areas reporting six to eight hours and some rural locations up to 16 hours.
- Pakistan Receives $10.9bn in Remittances as Overseas Inflows Rise 14%
Pakistan received $10.9 billion in overseas remittances during July–September FY2026–27, representing reported year-on-year growth of 14%.
- NEPRA Approves New Electricity Charges for Pakistan's Competitive Power Market
NEPRA has approved network-use charges ranging from Rs6.23 to Rs19.62 per unit for eligible bulk consumers participating in Pakistan’s competitive power market.
- Punjab to Establish Parks and Horticulture Authorities in Every District by 2027
Punjab has approved Parks and Horticulture Authorities for every district by January 2027, alongside new nurseries, plantation programmes and greenbelt rehabilitation.