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The exporter said containers loaded with cement are currently at Karachi Port, high seas or at Colombo and Dubai. Exports to India between July-January of the current fiscal year stood attonnes, while exports in stood at 1.
The immense upsurge from 7. However, the impact of the imposed raise of duty will not be as extensive, SC notes. Around six companies export cement to India out of which DG Khan Cement and Maple Leaf Cement enjoy a greater share due to low transportation cost via road. Their exports will be more vulnerable to a slight decline in despatches. All these factors combined with growing international demand will help the industry retain prices and maintain its profitability in the long run, SC added.
According to Syeda Humaira Akhtar at BMA Capital, India previously imposed 19pc duty on cement imports from Pakistan, which was later removed in in the wake of rising local demand and limited production capacity particularly in Indian Punjab.
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Maple Leaf Cement Pakistan Address and Contact Number
Published in Dawn, February 19th, Related Stories. Pak India Ties. Read more. On DawnNews. Comments 55 Closed Popular Newest Oldest. Feb 19, am. The price of Kashmir for both.Goedrum kit
Recommend 0. Common Sense. Sha b. Now india will import from our all weather friend. We always use Pakistani cements in our construction projects all over India and ME, they are more technologically advanced than Italian cements. Modi is killing his own Peoples.
Indian Punjab has tremendous stakes with Pakistanimposing huge duty by India will cause tremendous hardship to our people who export and import goods from Pakistan, this embargo will not last long.
Cement prices in Pakistan's northern region to advance
Well, this is what it is.In retail market of Lahore, different brands of cement bags are available in the range of Rs to Rs per 50kg bag against their rates of last week of Rs to Rs, showing a jump of Rs15 per 50kg bag on average during the last couple of weeks. It is to be noted that the government in the federal budget has proposed rise in FED on cement sale by 20 percent to Rs1. They said the increase in FED is third consecutive times, as the government had increased the cement prices by Re1 per kilogram in the federal budget ofwhich was increased to Rs1.
Presently, there are three popular brands in Lahore market including DG Cement, Bestway Cement and Maple Leaf Cement which are selling in the range of Rs per 50kg bag as per their demand and popularity, dealers said.
The industry had suggested in its budget proposal that the Federal Board of Revenue should phase out the Federal Excise Duty to encourage cement off take. It said the cement industry was subject to FED at the rate of 5 percent of retail price and General Sales Tax at the rate of 17 percent of maximum retail price. These taxes account for about Rs per bag before fiscal year Our Staff Reporter June 01, April 15, Prices of pulses increase up to 50pc despite tax relief.
April 10, Pakistan retail sector appeals govt for liquidity support. April 09, Vegetables, fruits prices in Lakki shoot up. April 09, Cement export decreases by 5. Top Stories.The news came as something of a surprise to market analysts, who had anticipated a continuation of the slump that had appeared to affect the industry over the last several months.
The bulk of the gains seen by the sector appear to largely be coming from three companies — Maple Leaf Cement Factory, Cherat Cement, and DG Khan Cement, all three of which were able to significantly increase their sales in October. The cement industry is highly bifurcated, with plants located in Punjab and Khyber-Pakhtunkhwa usually serving only the northern parts of the country and the plants located in Sindh and Balochistan serving the southern part of the country.
This is at least in part due to the fact that the cost of transporting cement across long distances — in the absence of reliable rail transportation — can be prohibitively expensive. However, in recent months, it appears that the price differential between the southern and northern markets is high enough to start influencing that intra-country trade in cement.
But a big part of the divergence appears to be the fact that construction activity for housing has picked up steam in Punjab but has not quite caught up in the other provinces yet. This appears to be driven at least in part by the provincial government gearing up to remove regulatory obstacles to the construction of new homes in the province, while such projects in other provinces continue to remain stalled. One more factor playing a role in cement sales may be the inventory build-up by cement wholesalers and distributors, who were temporarily exempted by the government from the condition of having record the computerised national identity card CNIC number of every person with whom they have a transaction exceeding Rs50, Most cement sales significantly exceed that number, but the vast majority of cement distributors and wholesalers are not registered businesses, effectively operating as unregistered sole proprietorships that do not pay any taxes.
The government had tried to bring those traders — along with those in other sectors — under the tax net, though the Federal Board of Revenue FBR has been struggling in that effort thus far.Olx guwahati
The relaxation of the CNIC condition will last until the end of Januaryfollowing which it is unclear whether the FBR will be willing to extend it or renew their enforcement efforts. The industry swung from profits of Rs1.
The preliminary numbers from the first month of the last quarter of seems to suggest that the industry may yet recover from its disastrous third quarter. Given how much of the recovery appears to be the result of the temporary lifting of restrictive government regulations, it is unclear how sustainable that recovery is likely to be for the remainder of the fiscal year. Save my name, email, and website in this browser for the next time I comment. Sign in. Log into your account.
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Profit by Pakistan Today. Govt urged to restore description of greenfield industry. Pakistan among 77 nations set to benefit from G20 debt relief…. Zafar Masud appointed Bank of Punjab President. Pakistan expected to get debt relief from May 1: FM Qureshi.
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Al-Ghazi Tractors to resume plant operations from today. Without fanfare, Apple launches new iPhone for the budget-minded. Is e-commerce dying in Pakistan? Profit E-Magazine Issue Profit E-magazine Issue Please enter your comment!Maple Leaf Cement Factory Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 24, The agenda of the meeting was discussion of consolidated and unconsolidated profit and loss account for quarter ended March 31, which portrayed a profit of Rs.
The foundations of the company are laid under the Companies Ordinance, by shares. The principal activity of the company is production and sale of cement. It is a subsidiary of Kohinoor Textile Mills Limited.
The registered office of the company is located at Lahore. The cement factory is located at District Mianwali in the province of Punjab. The products of Maple Leaf Cement factory are Ordinary Portland Cement with a capacity of 11, tons per day and White Cement with a present capacity of tons per day. The company has developed a niche market for specialized cement such as sulphate resistant cement, low alkali cement and oil well cement. It is the only local cement manufacturer producing oil well cement.
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Company name. Email address. Phone number. City Where is your company based. Are you a buyer or seller? Buyer Seller. Products you deal in multiple allowed. Create a password. Already have an account? Click here to login. Company Name. Email Address. Phone Number.However, the rates in the southern region remained stable at an average of Rs per bag. In the retail market of Lahore, they said, different brands were selling their cement bags at increased rates as compared to previous rates of Rs to Rs Presently, there are three popular brands in the Lahore market, including DG Cement, Bestway Cement and Maple Leaf Cement, dealers said, adding that these companies were selling their cement at RsRs per 50kg bag owing to their demand and popularity.
According to the weekly data of Pakistan Bureau of Statistics, Multan, Lahore and Islamabad have witnessed the steepest decline in the wholesale prices of cement bags during the last one month, as they lost between Rs value to their 50kg cement bags though its impact was not seen anywhere in the retail market in these cities. Industry experts said that cement prices have been under immense pressure for the past few months due to increased competition, as demand for construction has receded considerably.
Cement companies in the north have been racing to the market to sell excess production units while companies in the south have been selling cement and clinker overseas, resulting in high growth in exports, they added. Industry sources termed hike in coal prices, rupee depreciation of about 36pc and low demand due to slow construction work in Punjab as the major factors which led to the fluctuation in cement prices.
They said that domestic demand was suffering due to the slowdown in public infrastructure while the real estate market was reinforced by cuts in developing funding and expenditure. On top of that, they added, the exporting markets for these companies in Punjab have also dried out since India has halted trade with Pakistan, slapping hefty duties on Pakistani goods, while Afghanistan has become increasingly difficult to penetrate for companies located in Punjab and Khyber Pakhtunkhwa owing to the presence of cheaper Iranian cement in those markets.
Save my name, email, and website in this browser for the next time I comment. Sign in. Log into your account. Password recovery. Profit by Pakistan Today. Govt urged to restore description of greenfield industry. Pakistan among 77 nations set to benefit from G20 debt relief…. Zafar Masud appointed Bank of Punjab President.0 cost; = = dv v
Pakistan expected to get debt relief from May 1: FM Qureshi. Play: The Storykit story. Changing the way…. The one stop solution to climate, social ills, and tax evasion:…. We can afford a shutdown. Can local financial data service providers compete with Bloomberg? Can the monetary system ever say Bella Ciao? Third World, pause.
Time for an agenda reset. Steel producers seek lockdown exemption to meet construction demand. Oil near year lows on demand devastation warning.
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