The Federal Minister for Finance, Senator Mohammed Ishaq Dar, approved a gas price reduction at a meeting of the Economic Coordination Committee (ECC). The decision will see prices fall from PKR600 to PKR400/mBTU.
Lucky Cement, DG Khan Cement and Maple Leaf Cement, each of which operate captive gas-fired power facilities, are set to benefit from the decision with the impact on profitability estimated at 4.1 per cent, 1.6 per cent and 1.2 per cent, respectively.
Published under Cement News