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Cement Rates in Punjab to Increase 5% with New Taxes- August 2024

Cement Rates in Punjab to Increase 5% with New Taxes- August 2024

Web Desk August 17, 2024 Add Bol News as a trusted source

Cement bag prices have recently seen a significant rise following the imposition of various taxes by the current government, including Federal excise duty and sales tax.

In Punjab, cement prices are anticipated to increase by Rs75 per bag due to a court-issued stay order requiring local manufacturers to provide bank guarantees.

This expected price hike is a result of the new government-imposed royalty rate of 6 percent on the ex-factory price of cement.

In Pakistan, the 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 notable names in the industry are Maple Leaf Cement and Bestway Cement.

Cement Prices in Pakistan August 2024

Prices for a 50kg bag of cement vary across different brands. Bestway Cement is priced between Rs. 1,480 and Rs. 1,530, while Maple Leaf Cement ranges from Rs. 1,520 to Rs. 1,550. Fauji Cement has a broader price range, from Rs. 1,440 to Rs. 1,550. Lucky Cement is available for Rs. 1,450 to Rs. 1,480, and Kohat Cement is slightly lower, at Rs. 1,450 to Rs. 1,460.

Both Cherat Cement and Askari Cement are priced between Rs. 1,455 and Rs. 1,465. DG Khan Cement is priced between Rs. 1,500 and Rs. 1,540, while Pioneer Cement is slightly more affordable, ranging from Rs. 1,460 to Rs. 1,470. Overall, these prices show 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

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