After a complete plummet, Pakistan’s cement industry is seeing healthy margins again. What prompted the comeback?
After plummeting to below 5% in 2020, the cement sector's gross margins have surged back to 25% in 2023, but haven’t quite hit the highs of nearly 50% they had in 2012
Punjab increases royalty on cement minerals
Cost of limestone per bag of cement is projected to rise to PKR 55, up from the current PKR 19 per bag
FBR details new tax rules for builders and developers
Tax body makes amendments to the Income Tax Ordinance 2001; new guidelines aim to enhance tax collection from the real estate sectorÂ
FBR sets minimum profit rates for builders and developers in new tax scheme
Taxable profits are set at fixed rates of 10%, 15%, and 12% for different categories of construction sector
IMF urges FBR to scrap special tax regime for construction sector
Fund calls to end FBR’s discretionary powers, ,enhanced tax marmonisation, and establishment of Tax Policy Unit
Need raw materials? Zaraye hopes you’ll turn to them
Manufacturers have been procuring raw material the old-school way for decades, resisting any attempt towards automation. Will the B2B startup be able to turn the tide?
Steel industry claims producers in erstwhile FATA/PATA evaded Rs150b in taxes
Industry association claims that manufacturers in former FATA/PATA misused tax exemptions to give themselves unfair advantage
Cement despatches decline by 16.55% during April 2023
ISLAMABAD: As the economic turmoil continues to grip the country, the cement industry in Pakistan is facing trouble with declining despatches during...
Workers protest after Master Tiles fails to pay four months wages on eve of Eid
Factory management tried to placate the protestors with Rs 10,000 per worker and the promise of releasing the payment after Eid despite earlier promises
CWDP approves three development projects worth Rs76.5b
ISLAMABAD: The Central Development Working Party (CDWP) cleared three development projects worth Rs 76.5 billion during its meeting held on Tuesday under...
As the LHC strikes down tax on property, ‘plot’ business may see resurgence Â
New law mandated that every property owner would have to pay tax equivalent to 1% of market value of property to federal govt
Cement despatches decline by 24.19% during March
ISLAMABAD: Cement despatches declined by 24.19% in March, 2023. Total cement shipments during March this year were 3.795 million tons against 5.006...
What has Pakistan Cables been up to?
Despite difficulties, the company has been slugging away and staying on track for their expansion plans
PM reassures builders of all-out cooperation
ISLAMABAD:Â Prime Minister Imran Khan has reassured the investors in the construction sector that the government is committed to removing any obstacle in...
PM Khan says development of construction sector key to economic stability, growth
ISLAMABAD: Prime Minister Imran Khan on Thursday said that the development of the construction sector is the key to stability and growth...