Cement manufacturers in Pakistan’s northern region could be set to make a windfall in earnings as Afghanistan’s Ministry of Mines and Petroleum has announced a reduction in custom tariff by $15/tonne and royalty fees by $5/tonne on exported coal.
“The primary reason is that international coal prices have dropped, making it more viable for cement companies to import it than procure Afghan coal,” explains Fahad Rauf, Head of Research at Ismail Iqbal Securities. “The savings companies are set to make must be viewed in the context of the North and South regions. This is because Afghan coal is more economical for players in the North due to lower transportation costs compared to players in the South,” emphasises Mustafa Mustansir, Director Research and Business Development at Taurus Securities. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
Great Article. The Property market crash of 2023 is also effecting the Cement Demand and Supply in Pakistan.