Cement News tagged under: Pakistan State Bank
Encouraging developments for Pakistan's cement industry19 May 2020, Published under Cement NewsPakistan's cement industry saw several encouraging development last week, including the news about the implementation of Diamer Basha Dam project, reduction of interest rates by the central bank, sufficient allocation of a development fund in the upcoming budget with a sorry note of the fall in cement production during 20 March due to the direct impact of COVID-19. As a result, the stock market turned bullish on last Tuesday on the back of a sharp rally in the cement and steel stocks. In a... |
Net FDI to Pakistan continues to contract in cement and construction in 9MFY2022 April 2020, Published under Cement NewsThe State Bank of Pakistan (SBP) has released foreign direct investment (FDI) data for the nine months of the current financial year 2019-20 and March 2020. It shows that the country received a higher FDI of US$2.696bn against US$2.146bn in the corresponding July-March period of the last fiscal year of 2018-19. The March alone it attracted US$319.8m. However, in 9MFY20 net FDI amounted to US$2.148bn, up 137 per cent from US$905.1m in the corresponding period of the last fiscal year. Chin... |
State Bank of Pakistan reviews cement industry performance in 1HFY2015 April 2020, Published under Cement NewsThe State Bank of Pakistan has released its second quarterly report of FY20 (July 2019-June 2020) on the state of Pakistan's economy on 14 April. The report reviewed the performance of all sectors and appreciated the cement industry's progress, but pointed out the challenges of the coronavirus on all industries. According to the report, the global and domestic spread of COVID-19 has brought an exceptional set of challenges for the country. The spillovers from the global economy and the in... |
Pakistan's State Bank observes decline in cement production in 1QFY19-2007 January 2020, Published under Cement NewsThe State Bank of Pakistan (SBP) has released its first quarterly report on the state of Pakistan's economy for FY19-20, including the performance of the domestic cement sector. According to the report, Pakistan's macroeconomic stabilisation process picked up momentum with the initiation of the IMF's Extended Fund Facility. The SBP continued to keep the monetary policy consistent with the medium-term inflation target, while consolidation efforts were visible on the fiscal front. Furthermor... |
Central Bank reviews Pakistan's cement industry performance in FY1930 October 2019, Published under Cement NewsPakistan State Bank has released its annual report for the FY2018-19, in which the bank reviewed the performance of all sectors, including the country's cement industry. Real GDP growth decelerated to 3.3 per cent in FY19, compared to 5.5 per cent last year. While all the economic sectors contributed towards this lacklustre performance, the major drag came from the commodity-producing sector. The slowdown was broadly attributed to contractionary economic policies and inflationary pressures i... |
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