The future of Pakistan cement industry seems to be promising due to certain Government incentives. Important factors which will contribute in positive growth of cement industry are as follows:
The interest rate was cut significantly by 625 basis points to 7%.
The government has allocated Rs69 billion for dams, Rs30 billion for the Naya Pakistan Housing Scheme.
The lower prices of traditional fuels in international market will contribute towards lower energy costs.
Government has increased the limit from Rs 50,000 to Rs100,000 for transactions that do not require buyer’s computerised national identity card (CNIC).
The Government has reduced the federal excise duty (FED) from Rs. 2000 per tonne to Rs. 1750 per tonne. This translates into a cut of Rs. 12.5 per 50kg cement bag.
