Economy & Market
Cement prices rise in Pakistan
Pakistan`s cement manufacturers have been compelled to hike cement prices in view of high electricity tariffs and other inflationary pressures. The rate hike was around PKR15-20/50kg bag. Local cement prices have increased by 15-20 per 50kg bag, an increase of three to four per cent, over average retail prices that are currently hovering around PKR497.88 per bag. Going forward, with cement demand likely to stay firm, the development holds positive implications for the cement sector's profitability.