Cement News tagged under: FED
Pakistan cement industry's eyes on FY19-20 budget11 June 2019, Published under Cement NewsPakistan's federal budget for FY19-20 is scheduled to be announced today. Advisor to Prime Minister for Finance, Revenue & Economic Affairs, Dr Abdul Hafeez Shaikh will present it in Parliament followed by debate/approval by legislators in due course of time. Experts believe it would be negative for cement industry, if no incentives are simultaneously announced. AHCML Research House expects budget FY20 to have a negative impact on the country's stock market, especially the cement, steel, f... |
Pakistan cement dispatches total 39Mt in first 10 months of fiscal year08 May 2018, Published under Cement NewsThe Pakistan cement industry during the first 10 months of outgoing fiscal year July 2017-April 2018 dispatched 38.99Mt of cement compared to 33.880Mt during the same period last year. It posts a growth of 15.1 per cent YoY. According to data released by All Pakistan Cement Manufacturers Association (APCMA), out of this total, the mills of the northern region dispatched 28.9Mt cement for domestic consumption, up by 18.69 per cent over last year. The northern zone exported 2.674Mt of cem... |
Pakistan: cement bag price rises30 June 2016, Published under Cement NewsFollowing the government’s decision to change the Federal Excise Duty (FED) mechanism from variable five per cent of Marginal Retail Price (MRP) to a fixed rate of PKR1/kg, PKR50/bag (US$0.48/bag), cement prices have increased by approximately PKR35 (US$0.33). |
Pakistan: exports down by 17.41% in 11 months21 June 2016, Published under Cement NewsPakistani cement exports have fallen by 17.41 per cent to 5.48Mt during the first 11 months of the fiscal year, compared to exports of 6.65Mt during the same period in the previous year. A spokesperson from All Pakistan Cement Manufacturers Association (APCMA) has said that an increase in federal excise duty (FED) on cement has negatively effected the market. The proposed change in FED will increase illegal trade in the form of smuggling cement into the country. FED has been increased fro... |
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