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 sector 

Cement sector profits surge 55% YoY in Q2FY25, exports rise 40%

Sector earnings reach Rs34.7bn, revenue climbs 21% QoQ; gross margins expand to 33%, driven by lower coal costs and improved dispatches; Lucky, Bestway and Fauji Cement accounted for 54% of total sector profits

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

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

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?

Cement industry riding a profit boom but bracing for a softer quarter

Eid tends to slow down construction activity, but after a rough few years, the industry finally has some breathing room

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

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

First ‘Weaving City’ to be set up at M-3 Industrial Estate

FAISALABAD: The first 'Weaving City' will be established on 100 acres of land at M-3 Industrial Estate to help organise the power...

What has Pakistan Cables been up to?

Despite difficulties, the company has been slugging away and staying on track for their expansion plans

As the LHC strikes down tax on property, ‘plot’ business may see resurgence  

New law mandated that every property owner would have to pay tax equivalent to 1% of market value of property to federal govt

‘Lotte Chemical’ shows interest in Pakistan’s chemical manufacturing industry

Pakistan Chemical Manufacturers Association (PCMA) Monday urged the forthcoming government to include the chemical industry in its first 100 days plan and...

CPIC Global signs deal for two mega residential, commercial projects in Gwadar

'The dream of a Gwadar becoming a key economic hub of Asia is not far away now' ISLAMABAD: CPIC Global on Wednesday signed...

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

2018 to be a bumper year for Pakistan’s cement sector: Report

International Cement Review, the world's leading source of cement manufacturing news and information, in its latest report on the Pakistani cement industry...