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Cement Rates to go up by 5pc in Punjab after new taxes; Check August 2024 update

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Cement bag prices saw sharp increase in recent times after imposition of several taxes by the incumbent government with a handful of taxes including Federal excise duty and sales tax.

In Punjab, Cement prices are expected to move up by Rs75 per bag due to a court stay order for local manufacturers, who must provide bank guarantees.

The expected surge is in response to new government-imposed royalty rates of 6 percent on ex-factory price of cement.

In Pakistan, leading industry players include Lucky Cement Ltd, the largest manufacturer, followed by DG Khan Cement Co. Ltd, Attock Cement, Kohinoor Cement, Power Cement, and Dewan Cement.

Other prominent names in the industry are Maple Leaf Cement and Bestway Cement.

Cement Prices in Pakistan August 2024

Prices for 50kg bag of cement from different brands vary. BestWay Cement ranges from Rs. 1,480 to Rs. 1,530, while Maple Leaf Cement is priced between Rs. 1,520 and Rs. 1,550. Fauji Cement shows a broader range, from Rs. 1,440 to Rs. 1,550. Lucky Cement is priced at Rs. 1,450 to Rs. 1,480, and Kohat Cement falls slightly below that, with a rate of Rs. 1,450 to Rs. 1,460.

Cherat Cement and Askari Cement both have rates between Rs. 1,455 and Rs. 1,465. Finally, DG Khan Cement is priced between Rs. 1,500 and Rs. 1,540, while Pioneer Cement is slightly lower, ranging from Rs. 1,460 to Rs. 1,470. Overall, the prices reflect some variation, with Maple Leaf Cement being the most expensive and Fauji Cement the least expensive among the listed brands.

Brands Price/50kg Bag
BestWay Cement Rate RS. 1,480-1,530
Maple Leaf Cement Rate RS. 1,520-1,550
Fauji Cement Rate RS. 1,440-1,550
Lucky Cement Rate RS. 1,450-1,480
Kohat Cement Rate RS. 1,450-1,460
Cherat Cement Rate RS. 1,455-1,465
DG Khan Cement Rate RS. 1,500-1,540
Askari cement Rate RS. 1,455-1,465
Pioneer Cement Rate RS. 1,460-1,470

Expected cooking oil, ghee prices in Pakistan from July after Budget 2024-25

Web Desk (Lahore)

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