Month: June 2019

Cement industry demanded for reduction in taxes

The cement manufacturers on Sunday asked the government to reconsider the hike in Federal Excise Duty (FED) on cement in the federal budget 2019-20, which was increased by 25%. All Pakistan Cement Manufacturers Association (APCMA) in a statement released to the press said that Pakistan’s consumer price inflation rose to its highest level since Nov …

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Foreign Direct Investment in Pakistan’s cement and construction industries continues to slide down

The State Bank of Pakistan (SBP) has reported a massive decline of net foreign investment for local industries, including cement and construction, between July 2018-May 2019. According to a central bank report, total foreign direct investment (FDI) into the country fell by 49.2 per cent YoY during the first 11 months of FY18-19. A breakdown …

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Cement Prices again increased to previous levels in Punjab.

Cement prices, after witnessing a drop of almost 15pc during the last five months, have started reverting to the previous level in the northern retail market, where different brands’ prices were hiked by Rs20 on average. However, the rates in the southern region remained stable at an average of Rs630 per bag. According to the …

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