Bestway Cement completes construction of brownfield expansion project

Last April, Bestway Cement (BCL) had shelved its plan to acquire Dewan Cement Ltd’s (DCL) north plant due to legal uncertainties and delays that arose in light of the court proceedings initiated in the Sindh High Court

Pakistan has eight brownfield cement projects underway

China-based Sinoma is currently building a 1.9Mta plant for Bestway Cement at a cost of PKR18.9bn and about 55 percent of the work has been carried out to date

D.G Khan Cement announces completion of Pakistan’s largest cement plant

The cement produced in the trial run is being dispatched to customers. The announcement of commercial production will be made in due course of time, said D.G Khan Cement

Dewan Cement in sweet spot to gain cement share of Bhasha dam

KARACHI: Dewan Cement Limited (DCL), a renowned cement manufacturer of the country, eyes on the rising cement demand in Pakistan in general and on...

APCMA urges govt to decrease taxes, FED on cement

ISLAMABAD: The All Pakistan Cement Manufacturers Association (APCMA) has urged the government to decrease the taxes and Federal Excise Duty (FED) on cement to...

Dewan Cement rejects Mega Conglomerate’s acquisition offer

Dewan Cement’s spokesperson has claimed the negotiations are still going on and the deal could be salvageable, however, there has been no formal announcement on the stock exchange by Dewan Cement about the status of the deal

Cement prices increased ahead of FED implementation

LAHORE: Cement makers have increased prices in the northern region by Rs15-20 per bag ahead of the Federal Excise Duty (FED) to be passed...

Is Dewan Yousuf serious or will he hoodwink everyone yet again?

The Group faces a serious credibility crisis as it turns down offers for its cement plants for the umpteenth time – even the lucrative Mega offer – raising doubts about its intent to sell and settle the default.

Cement industry capacity utilisation touches 95 per cent

According to data released by All Pakistan Cement Manufacturers Association (APCMA), the industry despatched 4.237 million tonnes of cement in April 2018 that was 17.46 per cent higher than the despatches of 3.576 million tonnes achieved during the corresponding month of last fiscal.

Economic Survey 2017-18: Foreign investors divested securities worth $123.9 million

Capital market exhibited signs of volatility during the period of July-March of FY 2017-18

Market Daily: Investors in dire need of positive triggers, KSE100 sheds 158.36pts

LAHORE: The Pakistan Stock Exchange (PSX) saw a weal session of trading before Economic Survey 2017-18 is unveiled on Thursday. It was a busy...

Earnings season at PSX fails to spark investor interest

LAHORE: Earnings season at the Pakistan Stock Exchange (PSX) has somewhat failed to spark investor interest mainly on the back of political uncertainty in...

Massive demand for Pak cement in South Asian, African markets

KARACHI: The export of cement to India and Vietnam is viable through land routes since there is a huge demand for Pakistani cement in these...

Market Daily: KSE 100 recovers as results season starts

LAHORE: Indices at the Pakistan Stock Exchange (PSX) took a turn for the better as investor sentiment was positively fueled by speculations of healthy...

Fauji Cement posts Rs854.3mn profit for Q32018

LAHORE: Fauji Cement Company Limited (FCCL)  in a notification to the Pakistan Stock Exchange (PSX) on Tuesday, released financial results for the quarter ended...

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China to extend support through short term loans

It was earlier rumoured that the caretaker government would opt for a bailout from the International Monetary Fund (IMF), however, after the caretaker setup denied such plans, Pakistan is likely to rely on short-term loans from China till the next government takes charge.