Pakistan's FDI continues to slide in 1QFY19-20
Pakistan has received net foreign direct investment (FDI) of US$542.1m in the July-September 2019 period, compared to US$559.4m, received in same months last year. This represen...
Pakistan
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Bestway Cement’s profits sharply eroded in 1QFY19
Bestway Cement Ltd (BWCL) of Pakistan has announced its financial results for the 1QFY19, ended 30 September 2019. It declared a net profit of PKR300m (US$1.97m) against PKR2.25...
Attock Cement profit falls 16% in 1QFY19-20
Attock Cement Pakistan Ltd (ACPL) of Pakistan has announced its financial results for the first quarter ended 30 September 2019. It declared a net profit of PKR357m (US$2.3m), a...
Fauji Cement appoints new non-executive director
Pakistan’s Fauji Cement Co Ltd has announced the appointment of Wasim Sadiq as non-executive director of the company, with effect from 1 October 2019. Mr Sadiq has replaced Muha...
Power Cement to become No 2 in south Pakistan
Power Cement Ltd (PCL) is set to complete the brownfield expansion at its existing production site by adding a new line of 7700tpd (2.5Mta), taking the plant’s total capacity to...
Pakistan's exports to India fall 41% in FY19
Pakistan’s cement exports to India fell 41 per cent to 0.716Mt in the FY19 ended 30 June, with no exports to the country taking place between March-September. The decline is the...
Flying Cement profits recede in FY19
Flying Cement Company Ltd (FCCL) of Pakistan has announced its financial results for FY19. It declared a net profit of PKR142.36m (US$0.9m) against PKR181.5m earned in the same ...
Gharibwal Cement 51% profit fall in FY18-19
Gharibwal Cement Ltd (GWLC) has released its financial results for the year ended 30 June 2019. The company earned a net profit of PKR736m (US$6.7m) as compared to PKR1.509bn ea...
Power Cement reports 11% fall in sales
Pakistan’s Power Cement Ltd has reported a 11.2 per cent decline in net sales to PKR3.85bn (US$24.5m) in the FY19 ended 30 June, falling from PKR4.34bn in the year-ago period. G...
ABAD makes new appointments at AGM
Association of Builders and Developers of Pakistan (ABAD), one of the top cement users in the country, made changes in its top office bearer for 2019-20 at its AGM last week. Pa...