Cement sector expected to see profits soar 38% in most recent quarter
Topline Securities anticipates that declining interest rates and rising pricing ability will help the sector improve margins and boost profitability
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...
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
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
Approval of building plans being deliberately delayed by MCL: sources
LAHORE: A total of 610 residential, commercial and industrial building plans have been awaiting approval from the Municipal Corporation Lahore (MCL) for the last...
NTDC fined Rs10mn for delaying projects
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has imposed a fine of Rs 10 million on M/s National Transmission and Despatch Company Limited (NTDC)...
FDI jumps to 15.6pc, adding $262.5 mn from last year
KARACHI: Foreign Direct Investment (FDI) in the first eight months of 2017-18 amounted to $1.94 billion, up 15.6 per cent or $262.5 million from...
FBR suspends notices issued to builders, developers
KARACHI:Â Federal Board of Revenue (FBR) Director General Broadening of Tax Base (BTB) Tanveer Malik, on the request of Association of Builders and Developers of...
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?
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
Cement industry capacity utilisation touches 99pc in January
ISLAMABAD:Â Domestic consumption of cement increased by a whopping 37.3 per cent in January 2018 on a year-on-year basis as the construction activities continue to...
AirSial ready for takeoff, gets go-ahead from PM Imran
Prime Minister Imran Khan on Friday granted approval for the launch of a new private airline, AirSial, from Sialkot International Airport.
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 of the...
Rs 10bn worth benefits given to Chinese firm through tax exemption
ISLAMABAD: Senate’ Standing Committee on Finance, Revenue, Economic Affairs and Narcotics Control informed that around Rs 10 billion worth benefits were given to a Chinese...
Rules being finalised for public-private partnership in five-million housing project
ISLAMABAD: The Ministry of Housing and Works is finalising rules for public-private partnership in the Naya Pakistan Housing Project which would be started through...
