Cement News tagged under: pakistan
Pakistan coal imports fall 1QFY19-2009 January 2020, Published under Cement NewsPakistan's import of coal for power generation and cement industry has decreased during the period of July-September 2019-20 due to reduced demand in these industries, according to estimates by Central Bank of Pakistan in its latest report for the same quarter. Coal imports dropped by a sharp 41.4 per cent YoY to US$272.2m during the quarter. Quantum imports and unit prices of the commodity were both lower than last year. Demand for imported coal dropped from both the power and cement sect... |
Pakistan's government allocates PK5trn for PSDP programme09 January 2020, Published under Cement NewsPakistan's cement industry has received a positive news from government, which may accelerate demands for cement in local markets. On the directives of Prime Minister Imran Khan for making the Public Private Partnership Authority (PPPA) fully functional through placement of its rules, the PTI-led government wants to launch PSDP-Plus with portfolio of over PKR5trn (US$32.2bn) for next three years. According to media, keeping in view severe resource constraints at a time when Pakistan is cur... |
Transporters strike may impact cement industry09 January 2020, Published under Cement NewsThe local and export dispatches of cement industry in Pakistan are likely to face challenges due to ongoing protest of United Goods Transporters Alliance in Pakistan, which has entered in its fourth day. The strike would also hamper the supply of raw materials to factories. As a result, the movement of general cargoes, including export of cement/clinker to and from Karachi Port and Port Qasim in Sindh province of Pakistan, would further slow in coming days, according to an official of tran... |
Fauji Cement Co announces Board of Directors members08 January 2020, Published under Cement NewsFauji Cement Co Ltd (FCCL) has informed Pakistan Stock Exchange (PSX) that Maj Gen Tahir Ashraf Khan, HI(M), (Retd), non-executive director, has resigned from the Board of Directors FCCL with effect from 1 January 2020. He is succeeded by Maj Gen Abid Rafique, HI(M), (Retd) who has joined the board with effect from 1 January 2020. Furthermore, with effect from 1 January 2020, Fauji's company board consists of following non-executive directors: Lt Gen Syed Tariq Nadeem Gilani, HI(M... |
Pakistan's State Bank observes decline in cement production in 1QFY19-2007 January 2020, Published under Cement NewsThe State Bank of Pakistan (SBP) has released its first quarterly report on the state of Pakistan's economy for FY19-20, including the performance of the domestic cement sector. According to the report, Pakistan's macroeconomic stabilisation process picked up momentum with the initiation of the IMF's Extended Fund Facility. The SBP continued to keep the monetary policy consistent with the medium-term inflation target, while consolidation efforts were visible on the fiscal front. Furthermor... |
Iran-US conflict may impact cement industry in Pakistan06 January 2020, Published under Cement NewsAccording to a report from a local research house, following the alleged assassination of Iranian Commander Qassem Soleimani by a US drone attack, security concerns in the Middle East have escalated significantly. Iran and its allies have vowed to retaliate and there is a high possibility of a series of attacks from both sides in the coming months. Nonetheless, analysts think the likelihood of an all-out war between Iran and the US with its Middle Eastern allies is thin, because it will li... |
Pakistan reports mixed 6M dispatches in December03 January 2020, Published under Cement NewsIn the six months of July-December 2019, Pakistani cement plants in the northern region saw a rise in domestic dispatches, but export sales were subdued, according to All Pakistan Cement Manufacturers' Association (APCMA). In the south the domestic offtake was poor, but exports delivered a positive performance. APCMA attributes this to the two-tier growth in the country's economy. In the 6MFY19-20 cement dispatches in the country increased 6.5 per cent to 24.751Mt when compared with 23.23... |
Director of Fauji Cement resigns03 January 2020, Published under Cement NewsPakistan’s Fauji Cement Co Ltd has announced that Tahir Ashraf Khan has resigned from his position as director of the company, with effect from 1 January 2020. The company has not yet named a successor for this position, but appointed a new non-executive director in October 2019 . |
Clinker exports lead in export during 5MFY19/2002 January 2020, Published under Cement NewsPakistan overseas export of cement and clinker saw a healthy growth of 21.5 per cent during the first five months of FY19-20 (July-November 2019) to 3.608Mt from 2.97Mt in the year-ago period. The country exported 1.657Mt of clinker out of a total of 3.608Mt of cement/clinker in 5MFY19-20 as compared to 800,773t of clinker out of total 2.97Mt of cement/clinker in 5MFY18-19, according to All Pakistan Cement Manufacturers Association (APCMA). Pakistan exported 1.157Mt of cement to Afghanist... |
Maple Leaf Cement elects eight directors unopposed02 January 2020, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) has informed Pakistan Stock Exchange (PSX) that its Board of Directors meeting held on 31 December 2019 and eight persons were elected unopposed as directors for the next term of three years commencing 31 December 2019. The new team comprises Tariq Sayeed Saigol, Taufique Sayeed Saigol, Waleed Tariq Saigol, Danial Taufique Saigol, Jahanara Saigol, Syed Mohsin Raza Naqvi, Shafiq Ahmed Khan and Zulfikar Monnoo. |