Power Cement Ltd tapped new export markets, including the US and UK
Power Cement Ltd held its analyst briefing on 26 June, during which management reviewed past performance and looked ahead. The company posted a loss of PKR1.2bn (US$4.32m) in 9M...
Pakistan
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Lucky Cement obtains a credit line of PKR8bn
Pakistani financial institution and cement conglomerate the United Bank (UBL) and Lucky Cement Ltd announced that the bank will extend PKR8bn (SU$28.7m) to cement producers. Bot...
PIBTL to settle its foreign exchange debt in a couple of years
Pakistan International Bulk Terminal (PIBTL) is expected to repay all financial dollar-based loans by June 2026. At a recent conference hosted by Topline Research, Shariq Azam S...
Maple Leaf Cement reclassifies PKR26bn investment plan
Maple Leaf Cement Factory Ltd informed the Pakistan Stock Exchange (PSX) on 12 June that it had reclassified its PKR26bn (US$93.3m) capital expenditure plan. In addition, the Bo...
Pakistan’s federal budget offers mixed incentives for the cement industry
On 12 June Pakistan’s Finance Minister, Muhammad Aurangzeb, presented a budget proposal of PKR18.8776trn (US$67.8bn) for FY24-25. The proposal features a record-high deficit of ...
Pakistan's cement industry witnesses significant challenges in FY23-24
The cement industry in Pakistan grappled with a series of significant challenges in FY23-24, as reported by the Central Bank. The financial year is yet to complete hence the dat...
DG Khan Cement is exploring other destinations for export
BMA Capital recently organised a webinar with Inayat Ullah Niazi, the CFO of DG Khan Cement Co (DGKC). The webinar focussed on the company’s financial performance and outlook. D...
Pakistan's cement industry exhibits a mixed performance in May 2024
The All Pakistan Cement Manufacturers Association (APCMA) data reveals a mixed performance in May 2024 when the country’s total cement dispatches increased by 7.8 per cent to 4....
Dewan Cement's profitability dented due to high power costs in 9MFY23-24
Dewan Cement recently submitted its 9MFY23-24 report with the unaudited financial results for nine-month period that ended 31 March 2024 to the Pakistan Stock Exchange (PSX) for...
Pakistan's cement export trend continues to excel in 10MFY23-24
Pakistan’s cement and clinker exports increased by 35.9 per cent in the 10MFY23-24 (July 2023-April 2024) to US$204.54m (5.301Mt), compared to US$150.48m (3.24Mt) in the 10MFY22...