Based on channel checks, cement manufacturers have come to a consensus over the industry’s pricing levels, agreeing to hike domestic prices by PKR 50/bag. This hike is anticipated to be effective tomorrow and will likely take domestic prices to PKR 550/bag. This increase comes ahead of the projected acceleration in construction activity subsequent to the construction support package announced by the Prime Minister. As many cement manufacturers were operating below their break-even levels, we can anticipate additional price hikes in the coming months.

WhatsApp Image 2020 04 22 at 3.15.11 PM

Share on facebook
Share on twitter
Share on linkedin

You may also like

Leave a comment

Your email address will not be published.

Consensus achieved over PKR 50/bag hike in cement prices

Categories

Recent Blogs

Archive

Follow Us