PAKISTAN - Cement sector urges govt to reduce sales tax to 15% in budget

  • 28 April 2020
  • Author: Jon Shelbourne
  • Number of views: 338
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PAKISTAN - Cement sector urges govt to reduce sales tax to 15% in budget

The country’s cement sector which incurred heavy losses in the 3QFY20 has urged the government to reduce the federal sales tax from 17pc to 15pc in the upcoming federal budget.

PAKISTAN - Cement prices raised by Rs55 per bag in Punjab, KP

  • 28 April 2020
  • Author: Jon Shelbourne
  • Number of views: 15050
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PAKISTAN - Cement prices raised by Rs55 per bag in Punjab, KP

Pakistan cement manufacturers on Wednesday increased cement wholesale prices by upto Rs55/bag (or $0.375) in northern region (Punjab and Khyber Pakhtunkhwa), cement dealers confirmed to The News.

JAPAN - Taiheiyo Cement allies with state-backed peer Semen Indonesia

  • 28 April 2020
  • Author: Jon Shelbourne
  • Number of views: 394
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JAPAN - Taiheiyo Cement allies with state-backed peer Semen Indonesia

Japan's leading cement maker Taiheiyo Cement Corp. has teamed up with an Indonesian state-backed peer to penetrate the growing local market and elsewhere.

PAKISTAN - Fauji Cement posts first loss in 8 years

  • 21 April 2020
  • Author: Jon Shelbourne
  • Number of views: 297
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PAKISTAN - Fauji Cement posts first loss in 8 years

Fauji Cement Company registered its first quarterly loss in the past eight years. According to a company notice sent to the Pakistan Stock Exchange (PSX), it posted a loss of Rs210 million for the quarter ended March 31, 2020 compared with profit of Rs616 million in the same period of last year.

INDIA - Ultratech Cement gains on partially resuming operations

  • 21 April 2020
  • Author: Jon Shelbourne
  • Number of views: 285
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INDIA - Ultratech Cement gains on partially resuming operations

Ultratech Cement rose 0.15% to Rs 3,540 after the company said it partially resumed operations at some of its locations after obtaining necessary permissions.

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