Cement News tagged under: Public Sector Development Programme
Pakistan's federal budget FY23-24, up 51%, to benefit construction13 June 2023, Published under Cement NewsFederal Minister for Finance and Revenue Senator, Mohammad Ishaq Dar, announced the Budget for the next fiscal year, FY23-24, with a total budgeted outlay of PKR14.5trn (US$50.53bn), up 51 per cent compared to the budgeted cost of FY22-23, on 9 June. Arif Habib, JS Global, Al Meezan Investment, and other research houses have presumed that the federal budget for FY23-24 would impact the cement industry as 'Neutral' to 'Positive'. Cursory looks indicate that tax measures directly or indirec... |
The cement sector is looking forward higher allocation of PSDP in FY23-2407 June 2023, Published under Cement NewsThe Annual Plan Coordination Committee (APCC) of Pakistan's government has recommended PKR2.659trn (US$9.27bn) of national development outlay for the next budget 2023-24, including a federal Public Sector Development Programme (PSDP) of PKR1.1trn and a provincial allocation of PKR1.559trn. Minister for Planning Ahsan Iqbal told journalists that Prime Minister Shehbaz Sharif directed the Ministry of Finance to increase the PSDP size from PKR700bn to PKR950bn for the upcoming budget and PK... |
Pakistan's government allocates more funds for development17 December 2019, Published under Cement NewsThe cement industry in Pakistan has welcomed the federal government decision to release PKR298bn (42.5 per cent), including PKR61.75bn (US$1.29bn) of foreign aid (48.13 per cent) for various ongoing and new development projects under the Public Sector Development Programme (PSDP) 2019-20 against the total budgeted allocation of PKR701bn. This positive news has pushed up the prices of cement scripts in Karachi Stock Exchange on 16 December in the short term and is expected to create demand ... |
Pakistan's cement industry faces additional challenges18 September 2018, Published under Cement NewsPakistan's Finance Minister and chair to the Economic Coordination Committee (ECC), Asad Umar, has announced an increase in gas tariffs for all industrial sectors from 10 to 143 per cent, to take effect from October. The ECC approved a rise in gas prices for a range of sectors, including the cement industry, which is expected to see the cost of gas rise by 30 per cent from PKR750/mmBtu (US$6.05/mmBtu) to PKR975/mmBtu. In addition, it is expected that Mr Umar will present a 'mini-budge... |
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