Pakistan government investigating cement price rise

Pakistan government investigating cement price rise
Published: 01 August 2008

The government of Pakistan has started an investigation to ascertain reasons behind the substantial increase in cement prices, which jumped up to an average of Rs384 per bag in the domestic market.

The Economic Coordination Committee (ECC) of the cabinet in its meeting held with Finance Minister Syed Naveed Qamar in the chair on Wednesday asked the finance ministry to furnish a detailed report regarding price increase in cement, which jumped up from Rs280 per bag to Rs384 per bag in recent weeks.

All Pakistan Cement Manufacturers Association (APCMA) representatives informed the finance ministry on Thursday that the input cost has witnessed an unprecedented surge in recent months, leaving no other options but to increase cement prices.