Sign inSubscribe
Industry

Cement price likely to reduce by Rs14.5 per bag

By Hassan Naqvi

LAHORE: The price of a 50-kilogramme (kg) cement bag is expected to fall by Rs14.5, as the government has slashed Federal Excise Duty (FED) on cement from Rs2 per kg to Rs1.75 per kg. 

According to reports, the 0.25 per kg reduction will amount to Rs12.5 for a 50kg cement bag, which will decrease the price by another Rs2 due to savings on General Sales Tax (GST), bringing the total savings to Rs14.5.

Previously, Rs100 FED was being charged on a 50kg cement bag.

“We are happy that the government has reduced the excise duty. But we are disappointed that it did not remove it altogether. There is no justification for excise duty on cement. We hope the government will remove it as soon as possible,” Azam Faruque, Chairman of the All Pakistan Cement Manufacturers Association (APCMA), remarked.

 

 

Previous article
The budget of Ls: Explained by economists
Next article
Rs23.2bn earmarked for Pakistan Atomic Energy Commission under PSDP 2020-21
Hassan Naqvi
Hassan Naqvi
The writer is a staff reporter and can be reached at [email protected]

94 COMMENTS

  1. What will be the new price for Lucky cement & kohat cement? And from when the new prices will be apply?

  29. I want per month 1400 bag
    Tel me price
    Lucky cement
    Foji cement
    Kohat cement
    DG cement
    Cherat cement

  30. I want per month 1400 bag
    Tel me price
    Lucky cement
    Foji cement
    Kohat cement
    DG cement
    Cherat cement
    Location

  31. I want per month 1400 bag
    Tel me price
    Lucky cement
    Foji cement
    Kohat cement
    DG cement
    Cherat cement
    Location
    My contact number 0322/03324000342

    • We need per month 4000 to 6000 bag
      Tel me price
      Fouji cement
      Lucky cement
      Foji cement
      Kohat cement
      Cherat cement
      Location islamabad
      My Contect number +923445586715

  72. Mujhe 250 bag cheye keya rate mele gaa or plz mujh sey rabta kerin 03027599600 and send me email

Comments are closed.

RELATED ARTICLES

Must Read

World Business News

Walt Disney forms business unit to coordinate use of AI, augmented...

Walt Disney is forming a new group to coordinate the company's use of emerging technologies such as artificial intelligence and mixed reality, as the media...

Bitcoin’s “Faketoshi” faces contempt of court case over $1.2 bln UK lawsuit

Nvidia replaces Intel on Dow Jones after 25 years

Apple invests $1.5 billion in Globalstar for enhanced iPhone connectivity

Profit by Pakistan Today
Publishing Editor: Babar Nizami -- Editor Multimedia: Umar Aziz Khan -- Senior Editor: Abdullah Niazi -- Editorial Consultant: Ahtasam Ahmad -- Business Reporters: Taimoor Hassan | Shahab Omer l Zain Naeem | Nisma Riaz | Mariam Umar | Hamza Aurangzeb | Shahnawaz Ali | Ghulam Abbass | Ahmad Ahmadani | Aziz Buneri -- Sub-Editor: Saddam Hussain -- Video Producer: Talha Farooqi -- Director Marketing : Mudassir Alam | Regional Heads of Marketing: Agha Anwer (Khi) | Kamal Rizvi (Lhe) | Malik Israr (Isb ) -- Manager Subscriptions: Irfan Farooq -- Pakistan’s #1 business magazine - your go-to source for business, economic and financial news.
Contact us: [email protected]
Copyright © 2024. Pakistan Today. All Rights Reserved.