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News Pakistani producers lobby for tax cuts

Pakistani producers lobby for tax cuts

Written by Global Cement staff 27 August 2020
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Pakistan: Leading cement producers have said that prices will rise by 10% before 2021 if a reduction in Federal Excise Duty (FED) to US$5.95/t of cement from US$11.9/t does not materialise. DG Khan Cement owner Nishat Group chair Mian Mansha said, “Failing this, producers will take a US$119m total hit on revenues,” according to the Express Tribune newspaper.

Last modified on 02 September 2020
Published in Global Cement News
Tagged under
  • Pakistan
  • Government
  • Tax
  • lobbying
  • Price
  • Duty
  • revenue
  • GCW471
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