Pakistan cement producers consider price hike

Pakistan cement producers are considering increasing cement prices following government hikes in electricity prices and general sales tax.

A source from the All Pakistan Cement Manufacturers Association told local press that domestic producers are considering a price increase of PKR35-40/50kg bag.

The official said: “The price would be increased in order to pass on to consumers the impact of the hike in rates of electricity and GST. Earlier, the government had increased GST by one percentage point to 17 per cent and electricity by PKR3.0 to 6.6kW/h for industrial users.”