Varied results for PSX listed cement producers in 1QFY19-20
The financial results of eight cement companies of Pakistan for the July-September 2019-20 period reveals that their profits shrank owing to weak sales, high financial charges a...
Pakistan
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Bestway's CEO takes seat in UK House of Lords
British-Pakistani businessman Lord Zameer Choudrey has formally taken his seat in the House of Lords with a pledge to use his position to work towards improving trade relations ...
Pakistan cement industry makes record dispatches in October FY19-20
The Pakistani cement industry has recorded a modest growth of 9.2 and 4.5 per cent in domestic and overseas cement dispatches in October 2019 alone and in the July-October 2019 ...
Pakistan defers axle load and CNIC issues
The Pakistani government is deferring two issues that had earlier caused a negative impact on the country's cement industry: the axle load and documentation of sale over PKR50,0...
Dandot Cement plant closed due to viability issue
Dandot Cement Company Ltd has announced to shut its 504,000tpa of cement plant at Jehlum, Punjab province, Pakistan, due to various reasons, according to company notification to...
Profitability review 1QFY19-20 of nine top Pakistan companies
Pakistan research house Spectrum Securities Ltd, while reviewing nine top cement companies' performances for the 1QFY19-20, has concluded that cement sector continues to be in t...
Lucky Cement reports fall in profit by 62% in 1QFY20
Lucky Cement Ltd of Pakistan has announced its financial results for the 1QFY20 ended September 2019. It posted a net profit after tax of PKR955.8m (US$6.1m) as compared to PKR2...
Central Bank reviews Pakistan's cement industry performance in FY19
Pakistan State Bank has released its annual report for the FY2018-19, in which the bank reviewed the performance of all sectors, including the country's cement industry. Real GD...
Pakistan's cement production continues to slide
The latest data released by the Pakistan Federal Bureau of Statistics shows that large-scale manufacturing industries (LSMI) observed a negative trend in Pakistan's manufacturin...
Maple Leaf Cement incurs losses in 1QFY19
Maple Leaf Cement Factory Ltd (MLCF) of Pakistan has announced its consolidated financial results for the 1QFY19, ended 30 September 2019. It incurred a net loss of PKR982m (US$...