The National Cooperative Council will soon issue cement to the market under a new brand name: "Co-op Cement," said Bandu Ranawaka, the chairman of the council. This cement will be imported from Thatta Company Ltd of Pakistan.
The maximum wholesale price of a bag of this cement will be PKR645 and the maximum retail price PKR750. The government is already importing cement from another Pakistani company. That cement is called Lucky Cement.
There was a shortage of cement in the local market during the past few weeks, allegedly due to traders hoarding stocks.