Pakistani cement prices to rise from July
Following the Pakistani government’s increase of the Federal Excise Duty (FED) on cement to PKR100 (US$0.64)/50kg bag from PKR75 in the FY29-10 budget, cement prices are forecas...
Pakistan
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Pioneer Cement backtracks on Galadari Cement acquisition
Pioneer Cement Ltd (PCL) has withdrawn its interest to buy a local cement production facility that is under construction. Abid Wahab, company secretary of PCL in a written commu...
Pakistan's Federal Budget FY20 serves up mixed bag of tax measures
Pakistan Minister of State for Revenue, Hammad Azhar, presented the incumbent's governments first federal budget on 11 June with a total outlay of PKR8.2trn (US$53.9bn), which i...
Economic Survey encompasses cement industry performance in 9MFY19
Pakistan's government has released its economic survey for 2018-19. Reviewing the performance of the country's industrial sector including cement during 9MFY19, the survey repor...
Pakistan cement industry's eyes on FY19-20 budget
Pakistan'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 ...
Attock Cement continues to dominate Karachi market in 9MFY19
Attock Cement Pakistan Ltd (ACPL) maintained its dominant position during 9MFY19 in the core market of Karachi, leading in volumes and cement price. As part of the company's str...
Cement prices increase in northern Pakistan
Cement manufacturers in the northern region of Pakistan have reportedly increased the price of cement to rationalise their profit margin.
Pakistan FY19 may end on mixed results
Pakistani research house Insight Securities forecasts that in FY18-19 (July 2018-June 2019), domestic sales will fall 5.6 per cent to 38.8Mt (-10.2 per cent in the north but a r...
Maple Leaf Cement starts up expanded grey clinker production
Maple Leaf Cement Factory Ltd (MLCFL) has started production on its additional dry-process grey clinker line at its Iskanderabad site in Punjab, Pakistan, on 21 May 2019, accord...
Pakistan's cement export value rises 31%
Pakistan’s cement export revenue for the first 10 months of the current fiscal observed a YoY growth of 30.9 per cent and 52.3 per cent in terms of dollar value and quantity, re...