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
Business community can enable Pakistan to become an economic giant: Mayor Lahore
LAHORE:Â Mayor Lahore Col (R) Mubashir Javed said on Tuesday that the business community has the ability to turn Pakistan into an economic giant.
He was...
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?
SECP has not provided evidence of alleged corruption in Multan Metro Bus project
KARACHI:Â Chairman Senate Standing Committee has asked the office of Securities and Exchange Commission of Pakistan (SECP) to provide the evidence regarding sufficient banking information...
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
Cement prices to go up by Rs50 per bag
LAHORE: Cement manufacturers nationwide have decided to jack up cement price by Rs50 per bag after the hike in fuel prices recently. Sources familiar...
ECC decision on housing finance to be approved by Cabinet today
ISLAMABAD: The federal cabinet, scheduled to meet today (Tuesday) with Prime Minister Imran Khan will endorse the Economic Coordination Committee’s (ECC) decision on housing...
NAB increases scrutiny, seeks proper documentation for major agreements
ISLAMABAD:Â The National Accountability Bureau (NAB) has asked the central and provincial governments to submit documents worth more than $28 billion of agreements including LNG...
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
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 loom sector.
In...
Rent control bill likely to be presented in NA’s next session, ICCI assured
ISLAMABAD: National Assembly (NA) Standing Committee on Interior Chairperson Khurram Shahzad Nawaz on Wednesday assured the business community that he would present the amended...
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 has predicted...
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
Special Economic Zones to get electricity, gas
The cost of providing these utilities to the economic zones would be met through the Cost of the provision of utilities to SEZs will be met through Public Sector Development Programme (PSDP)
ABAD demands incentives to attract investment from overseas Pakistanis
ISLAMABAD: The Federal Minister of State for Capital Administration and Development Dr Tariq Fazal Chaudhary appreciated the role of Association of Builders and Developers...
