Cement News tagged under: Pakistan
Pakistan FY18 budget 'neutral' for cement industry31 May 2017, Published under Cement NewsAnnouncing its FY18 Budget on Friday, the Pakistan government has increased the allocation for its Public Sector Development Program (PSDP) and reduced corporate tax, but on the other hand increased has Federal Excise Duty (FED) and provided no relief to aid dwindling cement exports. Finance Minister, Ishaq Dar, in his budget 2017-18 has proposed the allocation of PKR1001bn (US$9.5bn) for the PSDP in FY17-18, of which 67 per cent will be dedicated to infrastructure projects. Meanwhile, FED... |
FLSmidth receives cement plant order in Pakistan30 May 2017, Published under Cement NewsFLSmidth has been awarded an order from Power Cement Ltd, part of the Arif Habib Group in Pakistan, for engineering, procurement and supply of equipment for a 7700tpd production line comprising two projects; clinker production and cement production and dispatch. The new production line will expand the two existing lines located in Nooriabad north-east of Karachi, Pakistan. The order includes a complete range of equipment from crushing to packing and cement loading. FLSmidth will also supply... |
Pakistan Economic Survey forecasts growth in cement industry26 May 2017, Published under Cement NewsThe performance of the Pakistan cement industry has been remained encouraging and recorded good growth in the fiscal year to-date. Going forward, the prospects continue to be bright, according to the recently-released Pakistan Economic Survey 2016-17, as the government identifies locations for future investment in the cement sector. The new survey, published yesterday, shows that growth in the cement sector has been underpinned by robust domestic demand, which has enabled local producers ... |
Pakistan cement exports continue to disappoint25 May 2017, Published under Cement NewsPakistan exported 225,778t cement in April on revenues of US$13.49m, down 25.28 and 18.54 per cent, respectively compared to the previous month. Compared to April 2016, export volumes were down by 49.65 per cent from 507,958t and revenues fell by 49.65 per cent (US$26.31m) a year earlier, data from Pakistan's Federal Bureau of Statistics shows. In the first 10 months of FY16-17, the country exported 3.9Mt of cement at a total value of US$205m, considerably lower than the 5.06Mt at US$274.3... |
Pakistan cement sector hopes for relief measures under Budget FY1823 May 2017, Published under Cement NewsPakistan cement producers are hoping that Budget FY17-18, due to be presented by the country’s Minister of Finance on Friday, will include relief measures to protect the local industry from the alleged smuggling of cement from Iran, help arrest the decline in exports and reduce the cost of doing business. The All Pakistan Cement Manufacturers Association (APCMA) has urged the government to increase the duty on imported clinker from 10 to 20 per cent to support local manufacturers. I... |
Pakistan's positive nine-month performance22 May 2017, Published under Cement NewsThe Pakistan cement industry has demonstrated a good performance in the first nine months of the current fiscal due in part to an acceleration of private sector construction activity, the commencement of work on mega housing schemes and projects across the country and the partial materialisation of budgeted Public Sector Development Programme projects. Consequently, the cement industry saw growth of 7.19 per cent YoY over the July 2016-March 2017 period, and increased by 7.10 per cent in... |
Pakistan cement exports hit by strike action17 May 2017, Published under Cement NewsExports of cement and other commodities from Pakistan via seaports in Karachi have been affected by a strike by goods carriers. Goods transporters went on strike last Monday against a ban imposed by the Sindh High Court on the movement of heavy vehicles in Karachi during the daytime. The strike was later joined by 14 other transport bodies. The import of a range of raw materials and finished goods was also affected. As a result of the industrial action, port traffic was brought to a s... |
Pakistan dispatches up 6.21%08 May 2017, Published under Cement NewsPakistan dispatched 33.88Mt of cement during the first 10 months (July-April) of the current fiscal, up by 6.21 per cent YoY, latest figures from the All Pakistan Cement Manufacturers Association (APCMA) show. During the period, domestic consumption rose by 10.74 per cent YoY to 29.871Mt while exports were down by 18.63 per cent to 4.01Mt during the 10-month period under review. In April 2017 dispatches totalled 3.576Mt, of which 2.734Mt were destined for the north and 0.596Mt headed so... |
Pakistan's first coal/cement terminal begins operation05 May 2017, Published under Cement NewsPakistan's first state-of-the-art coal, clinker and cement bulk terminal has commenced operations at Port Qasim, Karachi. According to a statement by Pakistan International Bulk Terminal Ltd (PIBTL), bulk carrier African Finfoot became the inaugural vessel to call at the terminal, transporting 41,510t of coal for importer and exporter Awan Trading. A second vessel named Iris Oldendorff visited the terminal on Tuesday, carrying 39,550t. PIBTL has invested around US$ 285m in the establ... |
No sign of Pakistan cement export recovery28 April 2017, Published under Cement NewsPakistan recorded export volumes of 204,159t cement in March 2017 on revenues of US$11.38m, representing a MoM decline of 11.77 and 7.04 per cent, respectively. On an annual comparative basis, the declines were much steeper with volumes down 65.03 per cent and revenues falling 59.86 per cent, according to the country's Federal Bureau of Statistics. In the first nine months of FY16-17, cement exports totalled 3.644Mt or US$191.51m compared with 4.555Mt at US$248.02m ... |