Cement does well – again
The construction sector’s lobbying went a long way in the cement industry keeping its head up
Cement exports fall 9.77pc to $22.9m during July
ISLAMABAD: The exports of cement witnessed a decrease of 9.77 per cent to $22.925 million during July 2020 compared to the exports...
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.
Govt takes notice of spike in cement prices in northern region
ISLAMABAD: Federal Minister for Industries and Production Hammad Azhar on Sunday, took notice of reports of increasing cement prices in the northern...
Pakistan Army owns $20 billion stakes in fifty conglomerates claims Indian media report
LAHORE: The Pakistan army exercises control over fifty conglomerates said to be worth $20 billion stretching from banks, industrial plants, universities, milk dairies,...
Is the cement cartel back in action?
As the construction industry is given packages and concessions to get back up on its feet, does the rise in cement prices that followed mean the cement sector is back to its old tricks?
Local cement prices increase by Rs 10 per bag
According to AKD Research, cement prices in the northern region have increased by Rs 10 per bag. Previously, cement prices had largely remained...
Maple Leaf Cement to raise Rs4.28b from right share issue to expand production line
Karachi: In a notification sent to the bourse on Tuesday, Maple Leaf Cement Factory (MLCF) has announced that it will be conducting...
Power Cement to obtain €30m foreign loan for ongoing clinker expansion project
Power Cement announced it had completed the financing arrangements of Rs24.9 billion ($205 million) for the 2.5Mta expansion of its cement plant in the Nooriabad Industrial Area, Kalo Kohar District, Jamshoroo, Sindh
Power Cement gears up for infrastructure spending spree
The company will increase its production capacity to 3.4 million tons per year, with a new plant expected to come online by June 2019
Cement manufacturers jack up prices by Rs15-20 per bag in northern region
As global prices of coal have surged, the cement manufacturers to protect their bottom lines passed on the impact to the consumers by raising prices in the region of Rs15-20 per bag
Mega Conglomerate’s deal to acquire Dewan Cement collapses
In end-January this year, it was reported Mega Conglomerate (Pvt) Limited was acquiring 87.5 percent majority stake in Dewan Cement Limited (75% through agreement and 12.5% through public offering)
Why go to ‘Double Shahs’?
Almost a decade ago a conman by the name of Sibtul Hasan Shah ran an infamous Ponzi scheme offering people to double...
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 finally strikes deal with Mega Conglomerate after roller coaster week
LAHORE:  A bourse notification filed Wednesday by BMA Capital Management Limited disclosed that Mega Conglomerate (Pvt) Limited was acquiring 87.5 percent majority...