According to Pakistan Bureau of Statistics, the retail price of cement in Pakistan showed a mixed trend during the week. The average retail price of per bag cement in northern cities was recorded at Rs1,417, down 0.47% compared to the previous week, when it stood at Rs1,423, according to data. In the southern cities, the … Read more
Cement sector in Pakistan remains under stress as price saw back-to-back hikes with restrained demand. In exhale of break for the construction industry, cement prices in Pakistan moved down. Data shared by Pakistan Bureau of Numbers shows slight dip in prices which is being linked to progressive impact on the manufacture sector. The drop in … Read more
Cement deliveries surge by 3.85% in March 2024. Total cement deliveries reach 3.941 million tons compared to 3.795 million tons in the same period last fiscal year. According to data from the All Pakistan Cement Manufacturers Association (APCMA), local cement deliveries for March 2024 hit 3.336 million tons, slightly down by 0.62% from 3.357 million … Read more
In February 2024, there was a significant decrease in cement dispatches, dropping by 19.22% compared to the same month in the previous fiscal year. The total cement dispatches during this February amounted to 3.259 million tons, down from 4.035 million tons in February of the last fiscal year. Data from the All Pakistan Cement Manufacturers … Read more
During the initial half of the fiscal year 2023-24, cement exports surged by 58.77%, compared to the same period last year, reaching US $135.925 million, as reported by the Pakistan Bureau of Statistics (PBS). Quantity-wise, cement exports also saw a notable increase of 104.50%, rising from 1,713,289 metric tons to 3,503,650 metric tons. In December … Read more
The All Pakistan Cement Manufacturers Association reported that overall cement sales experienced a 14.79 percent decline in January 2024 compared to the same period last year. According to statistics from the All Pakistan Cement Manufacturers Association, the total cement sales for January 2024 reached 3.414 million tons, a decrease from 4.006 million tons in January … Read more
With a population of 241 million, Pakistan boasts a significant cement industry that plays a crucial role in contributing to the country’s economy. Often referred to as the backbone of the economy, the cement sector is vital due to its close association with the demand for key binding materials in various infrastructure projects. In recent … Read more
Cement dispatches have declined by 18.46 percent in October 2022. Exports dispatches also declined by massive 40.73 percent. North based mills dispatched 10.4 million tons cement domestically during the first four months of current fiscal year. Cement dispatches have declined by 18.46 percent in October 2022. Total cement dispatches during October were 4.252 million tons … Read more
LAHORE: Cement dispatches have declined 23.98 per cent in August 2022, the data released by the All Pakistan Cement Manufacturers Association (APCMA) showed on Saturday. The total cement dispatches in August 2022 were 3.296 million tonnes, compared with 4.336 million tonnes during the same month of the last fiscal year. The local cement dispatches during … Read more
LAHORE: The cement dispatches declined 7.91 per cent to 52.89 million tonnes during fiscal year 2021/22, compared with 57.43 million tonnes during 2020/21. The domestic uptake during fiscal year 2022 reduced 1 per cent to 47.63 million tonnes from 48.11 million tonnes during fiscal year 2021, whereas the exports during the same period massively declined … Read more
KARACHI: The total cement dispatches witnessed a decline of 8.1 per cent to clock-in at 44.33 million tonnes during the first 10 months of fiscal year 2022, data by All Pakistan Cement Manufacturer Association (APCMA) showed. The total cement dispatches arrived at 48.25 million tonnes during the same period of last fiscal year. The overall … Read more
KARACHI: The profits of Pakistan’s listed cement sector declined 7 per cent on a year-on-year basis while the same were up 7 per cent on a quarterly basis to reach Rs17.7 billion during the third quarter of fiscal year 2022. The sector’s profitability, excluding Lucky Cement (LUCK) was down 13 per cent on a quarter-on-quarter … Read more
KARACHI: The Lucky Cement Limited reported consolidated profits of Rs26.53 billion of which Rs5.81 billion is attributable to non-controlling interests for the nine months ended March 31, 2022. This translates into the earnings per share (EPS) of Rs64.07, compared with Rs56.36 share reported during the same period of last year. On a consolidated basis, the … Read more
KARACHI: The profit after tax of DG Khan Cement Company Limited (DGKC) recorded an increase of 1 per cent to Rs1.32 billion translating into the earnings per share (EPS) of Rs3.03 during the quarter ended December 31, 2021. The company posted a profit of Rs1.30 billion (EPS: Rs2.98) during the same period last year. The … Read more
KARACHI: The unconsolidated profit of Attock Cement Pakistan Limited (ACPL) showed an increase of 56 per cent to Rs852 million translating into the earnings per share of Rs6.20 in the first half of fiscal year 2022, a bourse filing showed. The company’s unconsolidated profit was recorded at Rs545 million during the same period last year. … Read more
KARACHI: Lucky Cement reported a profit of Rs17.15 billion on a consolidated basis, translating into earnings per share (EPS) of Rs40.66/share for the half year ended December 31, 2021. The company’ EPS was recorded at Rs32.05/share during the same period last year. The company achieved gross turnover of Rs154.50 billion which is 24.9 per cent … Read more
The cement dispatches declined 4.2 per cent in December 2021 to reach 4.59 million tonnes compared with 4.79 million tonnes in December 2020, data by All Pakistan Cement Manufacturers Association (APCMA) showed. Local cement dispatches during December 2021 were 4.057 million tonnes compared with 4.159 million tonnes in December 2020, recording a decline of 2.45 … Read more
KARACHI: Irfan Ahmed, an electric generator assembling business owner in Karachi and a Perkins’ authorised distributor, calculates at least 20 per cent decline in his January revenues and predicts a similar trend in the months ahead. “Just in two days, the cost of materials and parts we use surged around 10 per cent because … Read more
KARACHI: The 12MW captive power plant of Flying Cement Company Limited has started commercial operations at its site in Khushab district, a bourse filing said on Monday. This is a significant milestone achieved by the company in line with its strategic objectives of cost rationalisation and optimisation resulting in lower dependency on Water and Power Development … Read more
KARACHI: Large-scale manufacturing industries (LSMI) in October, 2021 showed big industry output inched down 1.2 per cent year-on-year, Pakistan Bureau of Statistics (PBS) data showed. “On yearly basis in October 2021, the decline in production of non-metallic mineral products i.e., cement declined 13.2 per cent, pharmaceuticals i.e., tablets 23.1 per cent, capsules 44.4 per cent … Read more
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin has expressed keen interest in deepening bilateral relations with Iraq, particularly enhancing cooperation in oil and gas sectors, besides boosting the quantum of trade between the two counties. The adviser was talking to Ambassador of the Republic of Iraq to Pakistan, Hamid Abbas … Read more
KARACHI: Gharibwal Cement Limited has announced 10,000 tonnes/day capacity expansion, which is expected to come online two years after the commencement of the civil work, which is to begin soon. The project cost, being undertaken by a China-based firm, is estimated to be around Rs8 billion to Rs10 billion. The company has not availed Temporary … Read more
KARACHI: Lucky Cement Limited won the Environment Excellence Award at the 18th Annual Environment Excellence Awards 2021, organised by the National Forum of Environment and Health, a statement said on Friday. The ceremony focused on climate change and ecosystem restoration, which was held at a local hotel on September 16, 2021. Lucky Cement received the … Read more
LAHORE: The cement sector posted 22.77 per cent growth in August 2021, compared with the same month of the last year. Total cement dispatches last month remained 4.336 million tonnes as against 3.531 million tonnes during August 2020. As per the data released by the All Pakistan Cement Manufacturers Association (APCMA) on Friday, local cement … Read more
ISLAMABAD: Federal Finance Minister Shaukat Tarin has urged the cement manufacturers to reduce the prices, as the cement industry is of paramount importance due to its backward and forward integration with the construction sector, as a whole. During a meeting with the representatives of the cement manufacturers at the Finance Division, the finance minister stressed … Read more
KARACHI: The Federal Board of Revenue (FBR) has implemented electronic monitoring of sugar production to prevent revenue leakages, sources said on Tuesday. The track and trace system for sugar products has been implemented from July 1, 2021 for the monitoring of production lines, a senior official of the revenue board said. Through a notification on … Read more
Federal Minister for Information Shibli Faraz has said that hard times have passed for Pakistan and now a better future is waiting for the country. According to details, a cabinet meeting was held under the chairmanship of the Prime Minister today, after which a press conference was held by Federal Minister for Information Shibli Faraz. … Read more
Pakistan’s stocks have recovered all the losses caused by the COVID-19 pandemic, according to Bloomberg’s data Pakistan’s benchmark index, KSE-100 has performed the 2nd best internationally in the last month. According to the details, it has gained 47% since reaching the lowest this year on March 25. [embedpost id=”50366″ slug=”psx-update-today-stock-shows-a-bullish-trend”] The Arif Habib Ltd’s report … Read more
