Pakistan: APCMA calls for federal exise duty reduction
The All Pakistan Cement Manufacturers Association (APCMA), in its budget proposal, has recommended a reduction in federal excise duty (FED) to be stepped to zero to alleviate th...
Pakistan
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DG Khan: southern expansion progressing well
Pakistan producer DG Khan Cement has reported that its southern expansion project is progressing well and is scheduled for commissioning in 2QFY18. The 2.7Mta plant, which will ...
Pakistan seven-month cement exports volumes and revenues decline
Pakistan cement export volumes reached 393,391t on revenues of US$21.1m in January 2016, down 9.52 and 7.8 per cent, respectively compared to the previous month. On an annual co...
Lucky Cement unit gets licence to generate 660MW coal power
The government of Pakistan has licensed Lucky Electric Power Co, a concern of Lucky Cement, to generate electricity from its 660MW coal-fired plant. “In order to meet the future...
Pakistan 8MFY16 dispatches rise on higher domestic demand
Pakistan cement dispatches rose 17.49 per cent to 20.89Mt during the first eight months (July-February) of 2015-16 from 17.78Mt in the same period last year.
Pakistan: Pioneer Cement reports earnings of PKR988m in 1HFY16
Pioneer Cement Ltd reported first-half earnings of PKR988m (US$9.45m) versus PKR1.292bn a year earlier, translating into a decline of 24 per cent. In a communication to the Paki...
Pakistan: Maple Leaf secures funding for power plant
A consortium of Pakistan banks has opened a letter of credit to Maple Leaf Cement Ltd's (MLCF) via its wholly-owned subsidiary Maple Leaf Power Ltd amounting to US$27.20m for th...
Bestway consolidated turnover up 45.5%
Bestway Cement Ltd (BCL) said that its consolidated net turnover for the first half of FY15-16 soared by 45.5 per cent YoY to PKR21.1bn, largely due to the acquisition of Pakcem...
K-Electric signs additional supply agreement with Attock Cement
Karachi-based electric supplier K-Electric has signed an accord to provide an additional 16MW of electricity to Pakistan producer Attock Cement Ltd.
Pakistan: Fauji Cement sees 66% rise in 1HFY16 net profit
Fauji Cement Co (FCCL) has a reported a profit after tax of PKR2.77bn (US$264m) during 1HFY16 versus PKR1.668bn during the same period last year, up 66 per cent YoY.