Pakistan cement producers are unlikely to increase their prices for the next three months to avoid investigation by the Competition Commission of Pakistan (CCP), reports Asianet Pakistan.

The gross profit of the cement sector in Pakistan has fallen by 13 per cent YoY to PKR20.9bn (US$198m) in the first quarter of FY18. Profit after taxes decreased three per cent to PKR13.74bn from PKR14.11bn of the year-ago period.

The net revenue of the industry increased 11 per cent on a yearly basis, to PKR64.55bn from PKR58.30bn. This growth in revenue increased due to the significant rise in domestic sales volume, despite the lower prices of cement.