Cement Despatches Declined by 5.78% During Oct-23
Lahore: Cement despatches declined by 5.78% in Oct-23. Total Cement despatches during Oct-23 were 4.007 million tons against 4.253 million tons despatched during the same month of last fiscal year.…
Cement dispatches decline by 21% MoM in July 2023
KARACHI: The cement industry in Pakistan witnessed a slowdown in demand and dispatches in July 2023, as the construction activities were affected by the uncertain economic and political situation, high…
Lucky Cement Limited Announces Expansion of Clinker Production Capacity in Iraq
Karachi: Pakistan’s leading cement manufacturer Lucky Cement Limited is pleased to announce its strategic move to enhance clinker production capacity in Iraq. In line with the increasing demand for cement…
SHAISTA BANO GILLANI TAKES CHARGE AS CHAIRPERSON CCP
ISLAMABAD: Ms. Shaista Bano Gillani has taken charge as the Chairperson, Competition Commission of Pakistan (CCP). The Finance Division on Monday issued a notification after the federal cabinet in its…
Esterad Investment exits from United Cement Company
MANAMA, BAHRAIN: Esterad Investment Company has sold its investments in United Cement Company (UCC) amounting to BD 2.3 million to Saudi Cement Company. The sale transaction is expected to reflect…
Cement off-take registers 3pc growth
KARACHI: Cement sales surged 3.0 percent and exports to 11.133 million tons during the first quarter of the current fiscal year, industry data showed on Wednesday. An industry’s official termed…
ABAD urges government to take action against cement, steel cartels
KARACHI: Muhammad Hassan Bakshi, Chairman Association of Builders and Developers of Pakistan (ABAD), has urged the government to take stern action against cartelization of cement and steel manufacturers, who are…
Pakistan’s cement sales decline 7% in Mar’19
KARACHI: As per the data released by All Pakistan Cement Manufacturer Association (APCMA), total cement dispatches for the month of March’19 arrived at 4.34mn tons versus 4.65mn tons recorded during…
International Cement Group plans to acquire SCHWENK Namibia
SINGAPORE: International Cement Group has announced its intention to acquire a 100% equity interest of SCHWENK Namibia (Pty) Ltd, which is incorporated in Namibia. In connection with the proposed acquisition,…
FBR to outsource electronic tax stamping of tobacco, beverages, sugar, fertilizer and cement
KARACHI: The Federal Board of Revenue (FBR) has decided to outsource, through licensing, the electronic monitoring, tracking and tracing of production, import and supply chain of tobacco products, beverages, sugar,…
Dismal local dispatches drag overall cement sales down in January
KARACHI: As per the data released by All Pakistan Cement Manufacturer Association (APCMA), total cement dispatches for the month of January 2019 arrived at 3.65 million tons versus 4.08 million…
Cement dispatches show a minor growth of 4.0 percent in first half
KARACHI: Pakistan’s cement dispatches depict a growth of 4.0 percent in first half of the current fiscal year (July-December 2018) to 23.11 million tons, primarily due to robust export –…
Pakistan’s cement dispatches remain flat in November 2018
KARACHI: As per the data released by All Pakistan Cement Manufacturers Association (APCMA), total cement dispatches for the month of November 2018 arrived at 3.90mn tons versus 3.94mn tons registered…
Calicom Industries goes for Rs1.0 billion acquisition of Dandot Cement
KARACHI: Calicom Industries (Pvt) Limited has expressed intention to acquire 79.19 million share constituting 83.5 percent of the issued share capital of Dandot Cement Company Limited through their manager Pervez…
SHC directs appellant to submit court fee in 161 appeals
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Tuesday adjourned hearing of identical 162 appeals filed by…
Imposed FED to dampen cement industry’s growth
KARACHI: The government’s decision to increase Federal Excise Duty (FED) on Cement from five per cent to Rs 50 on a 50-kilogram bag, will not only increase Rs 22 on…