Aug 4

Cement Despatches Fall for 11th Straight Month Due to High Taxes

Karachi, August 4, 2024 – The cement industry in Pakistan is grappling with significant challenges as domestic despatches have declined for the eleventh consecutive month, primarily due to heavy taxation and rising input costs. According to the All Pakistan Cement Manufacturers Association (APCMA), this persistent downturn is a major concern for the industry.

by Shahnawaz Akhter

DG Khan Cement Expands Horizons with New Subsidiary in USA

Jul 19

Corporate, Trade & Industry

DG Khan Cement Expands Horizons with New Subsidiary in USA

Karachi, July 19, 2024 – DG Khan Cement Company Limited, a leading name in Pakistan’s cement industry, has announced plans to establish a subsidiary in the United States. The decision was communicated to the Pakistan Stock Exchange (PSX) on Friday.

by Shahnawaz Akhter

Decline in Cement Despatches Continues, Year-on-Year Drop of 15.71%

Jul 5

Trade & Industry

Decline in Cement Despatches Continues, Year-on-Year Drop of 15.71%

Karachi, July 4, 2023 – The cement industry experienced a significant decline in despatches, with a decrease of 22.80% in June 2023 compared to the same month last year. The total cement despatches for June 2023 amounted to 4.063 million tons, down from 5.264 million tons in June of the previous fiscal year.

by Faisal Shahnawaz

FBR launches mega crackdown against cement manufacturers

Apr 9

Taxation, Top stories

FBR launches mega crackdown against cement manufacturers

KARACHI: Federal Board of Revenue (FBR) has launched mega crackdown against cement manufacturers for alleged tax evasions.

by Hamza Shahnawaz

Another blow to construction industry: cement prices hovering near peak

Feb 27

Trade & Industry

Another blow to construction industry: cement prices hovering near peak

KARACHI: Skyrocket cement prices are another blow to the construction industry because massive surge in steel prices already badly dented the industry.

by Faisal Shahnawaz

Finance minister asks cement producers to reduce prices

Aug 24

Finance, Trade & Industry

Finance minister asks cement producers to reduce prices

ISLAMABAD: Finance Minister Shaukat Tarin has emphasized to reduce the prices of cement as the industry is of paramount importance due to its backward and forward integration with the construction sector as a whole. The finance minister held a meeting with the representatives of cement manufacturers at the Finance Division on Tuesday. Federal Minister for […]

by Hamza Shahnawaz

Help sought as South Africa imposes anti-dumping duty

Apr 17

Trade & Industry

Help sought as South Africa imposes anti-dumping duty

KARACHI: Chairman Pakistan-South Africa Business Forum (PSABF) Mohammad Rafiq Memon has said that Pakistan’s cement exports to South Africa have suffered terribly during the last couple of years because of the anti-dumping duty imposed by the South African government that resulted in shrinking cement export to around US$100 to US$150 million which was around US$700 […]

by Faisal Shahnawaz

Cement exports increase by 52 percent in eight months

Mar 6

Corporate

Cement exports increase by 52 percent in eight months

KARACHI: Pakistan’s cement exports registered unprecedented growth of 52 percent during first eight months (July – February) of fiscal year 2018/2019 mainly on the back of rupee depreciation and focus on low margin exports. The export of cement rose to 4.65 million tons during first eight months of current fiscal year as compared with 3.05 […]

by Faisal Shahnawaz

Cement dispatches down to 3.87 million tons in December

Jan 10

Corporate

Cement dispatches down to 3.87 million tons in December

Karachi, January 4, 2019 – Provisional cement data for the month of December 2018 has revealed a 1 percent month-on-month (MoM) decline in cement dispatches, totaling 3.87 million tons, compared to November 2018 when it stood at 3.90 million tons.

by Mrs. Anjum Shahnawaz