Attock Cement sells Iraqi unit for US$11.7m
Attock Cement Ltd of Pakistan has updated Pakistan Stock Exchange (PSX) about selling its 60 per cent share in its Iraqi grinding plant on 21 June 2023. Company Secretary, Irfan...
Indian Sub-Continent
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Indian cement prices forecast to fall 1-3%
Cement prices in India are expected to fall by 1-3 per cent in the current fiscal year (April 2023-March 2024), after recording a four per cent compound annual growth rate (CAGR...
Pakistan cement exports continue mixed trend in 11MFY22-23
The cement industry in Pakistan continued to experience a mixed picture in export revenue during the first 11 months of the current financial year, which runs from July 2022 to ...
Coal ash laden vessel sinks in Bangladesh
Chittagong Port of Bangladesh has reported that a local vessel carrying coal ash for cement and other industries sank in the Alpha Anchorage area of the port on 14 June. Accordi...
Pakistan International Bulk Terminal Ltd seeks loan deferment
Pakistan International Bulk Terminal Ltd (PIBTL) informed Pakistan Stock Exchange (PSX) last week that it has requested the International Finance Corp (IFC) and OPEC Fund for In...
Cement players expect demand in FY24 to remain stable
Topline Securities hosted the Pakistan Cement Conference 2023, where top executives of major cement players Maple Leaf Cement (MLCF), Lucky Cement (LUCK), DG Khan Cement (DGKC),...
Clinker loading continues at Karachi Port amid cyclone threat
The Panamanian flag bulk carrier Lowlands Amstel (IMO: 9738947) is loading over 47,000t cement clinker at berth B11/B12 of Karachi Port of Pakistan due for Ghana amid safety mea...
Pakistan's federal budget FY23-24, up 51%, to benefit construction
Federal Minister for Finance and Revenue Senator, Mohammad Ishaq Dar, announced the Budget for the next fiscal year, FY23-24, with a total budgeted outlay of PKR14.5trn (US$50.5...
Pakistan's cement industry faces significant challenges
On 9 June the State Bank of Pakistan (SBP) released the “Pakistan Economic Survey FY23”, critically reviewing all sector performance, including the cement sector in 9MFY22-23 an...
Cement companies post a rise in pre-tax profit but face challenges
In 9MFY22-23, 12 out of the 16 cement manufacturers at the Pakistan Stock Exchange (PSX) reported impressive before-tax earnings. Despite a drop of 18 per cent in total offtake ...