logo
Govt, APCMA in sync: Cement export target from PQA set at 1.5m tons: SAPM

Govt, APCMA in sync: Cement export target from PQA set at 1.5m tons: SAPM

ISLAMABAD: Pakistan has set cement export target at 1.5 million tons from Port Qasim Authority only and to achieve the target the government and the All Pakistan Cement Manufacturers Association (APCMA) are closely collaborating.
This was stated by the Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan, while chairing a high-level meeting of the task force formed to enhance the competitiveness of Pakistan's cement and clinker exports. The SAPM stressed that to meet the cement export target of 1.5 million tons next year, enhancing storage capacity at Port Qasim is essential.
According to official figures recently released by the Pakistan Bureau of Statistics (PBS), during first 11 months of the ongoing fiscal year July-May 2024-25, the country's cement exports witnessed an increase of 22 percent on annual basis as cement exports crossed eight million tons. Shipments increased by 30 per cent year-on-year from 6.18Mt to 8.0Mt. In May 2025, exports rose by six per cent year-on-year to $34 million in value and by 45 percent month-on-month from April 2025.
Overall, national exports grew by five percent while imports rose by 7.5 percent over the same period.
The meeting reviewed key logistical and infrastructural issues including the movement of cargo on Lyari Expressway, challenges faced by DHA and Cantonment authorities on Malir Expressway, and the need for increased storage capacity at Port Qasim.
The Ministry of Communications informed the forum that allowing cargo traffic on Lyari Expressway would incur a cost of Rs4 to Rs5 billion. The National Highways Authority (NHA) is working on two major motorway projects: Sukkur–Hyderabad at a cost of Rs600 billion and Hyderabad–Karachi at a cost of Rs400 billion.
SAPM Khan emphasised that issues faced by DHA and Cantonment authorities on Malir Expressway are still unresolved and need urgent attention. The task force also informed that truck marshalling yards are being connected to railway tracks to improve cargo handling.
Chairman of Port Qasim Authority informed that port charges have been reduced by 50 percent to support exporters. The committee highlighted that Karachi Port Trust (KPT) charges have remained lower than other ports since 1994.
To facilitate cement exports, Khan said discussions will be held with the Sindh government to acquire land for extending the railway track and a sub-committee has been constituted to meet with the chief minister of Sindh in this regard.
According to the committee, 40,000 tons of cement are currently being exported to the United States from Berth No 2 (MW2) at Port Qasim. SAPM Khan remarked that this successful export to the US demonstrates the global competitiveness of Pakistan's cement sector.
Cement exporters present at the meeting also reiterated the need for increased storage facilities to meet growing international demand.
Copyright Business Recorder, 2025

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Half of Pakistan's population below poverty line: Khaqan
Half of Pakistan's population below poverty line: Khaqan

Business Recorder

time4 hours ago

  • Business Recorder

Half of Pakistan's population below poverty line: Khaqan

KARACHI: Shahid Khaqan Abbasi on Wednesday said that the half of Pakistan's population has reached below the poverty line, but rulers are only engaged in increasing their own salaries. Former prime minister addressing a press conference AT Karachi Press Club here said that the ongoing tax system has not been based on justice and urged for changing this taxation system. 'This tax system is compelling people to tax evasion.' He said that the budget doesn't offer any reforms or changes any mechanism. 'The situation could not be improved if no reforms introduced.' He urged government to cut its expenditures down instead of decreasing the Public Sector Development Programme (PSDP). Khaqan said that no relief will be possible until the government doesn't reduce its expenditure. 'This budget has proved that this system could not be run,' he said. He said the salaried class is paying Rs600 billion tax and additional burden are also piled over them. He suggested for a tax system in which all people pay taxes.

Half of population below poverty line: Khaqan
Half of population below poverty line: Khaqan

Business Recorder

time9 hours ago

  • Business Recorder

Half of population below poverty line: Khaqan

KARACHI: Shahid Khaqan Abbasi on Wednesday said that the half of Pakistan's population has reached below the poverty line, but rulers are only engaged in increasing their own salaries. Former prime minister addressing a press conference AT Karachi Press Club here said that the ongoing tax system has not been based on justice and urged for changing this taxation system. 'This tax system is compelling people to tax evasion.' He said that the budget doesn't offer any reforms or changes any mechanism. 'The situation could not be improved if no reforms introduced.' He urged government to cut its expenditures down instead of decreasing the Public Sector Development Programme (PSDP). Khaqan said that no relief will be possible until the government doesn't reduce its expenditure. 'This budget has proved that this system could not be run,' he said. He said the salaried class is paying Rs600 billion tax and additional burden are also piled over them. He suggested for a tax system in which all people pay taxes.

Sindh Assembly approves FY26 budget
Sindh Assembly approves FY26 budget

Business Recorder

time9 hours ago

  • Business Recorder

Sindh Assembly approves FY26 budget

KARACHI: The Sindh Assembly on Wednesday approved the provincial budget for the fiscal year 2025–26, amounting to Rs3.45 trillion, along with Rs156.069 billion in supplementary grants for the outgoing year. Marking a 13 percent increase from the previous year's outlay, the budget places significant emphasis on social protection, infrastructure development, economic reforms, and targeted relief for low-income groups. Chief Minister Syed Murad Ali Shah presented the Sindh Finance Bill 2025, which aims to rationalise taxes and reform financial laws to reflect changing economic realities. The budget introduces major tax relief measures, including the abolition or restructuring of six key levies. Among these, professional tax has been eliminated, offering Rs5 billion in direct relief to salaried individuals and small businesses. Entertainment duty has also been removed to promote cultural activities. Additionally, revenue fees, such as those for land transfer, certified copies, sales certificates, solvency, and succession documents have been slashed by 50 percent. Annual tax on commercial vehicles has been reduced to Rs1,000, while third-party motor insurance stamp duty has been capped at Rs50, and motorcycles will be exempted from mandatory insurance starting FY 2025–26. The provincial government has also abolished cotton fees in response to a 30.7 percent decline in the agricultural produce and removed the drainage cess to mitigate the impact of erratic weather and poor crop yields. Amendments or repeals were approved for seven laws, including the Stamp Act (1899), Motor Vehicles Act (1939), Sindh Entertainment Duty Act (1958), Sindh Motor Vehicle Taxation Act (1958), and specific sections of the Sindh Finance Act (1964), the Sindh Sales Tax on Services Act (2011), and the Sindh Local Government Act (2013). The budget further raises the sales tax exemption threshold for businesses from Rs2.5 million to Rs5 million, offering an estimated Rs400 million in relief. Small enterprises with an annual turnover of up to Rs4 million will now be exempt from sales tax. The government expects that the removal of local cess will help lower production costs and boost agricultural profitability. Murad Ali Shah highlighted that total expenditures for FY 2025–26 are projected at Rs3.45 trillion. Of this, 39 percent is allocated to salaries, 62 percent to current revenue expenses (Rs2.15 trillion), 30 percent to development expenditure (Rs1.018 trillion), and Rs281.7 billion to capital expenses. Grants to local and autonomous bodies constitute 29 percent, non-salary operations and maintenance 19 percent, and pensions 13 percent. He noted that, despite a 3.6 percent drop in last year's budget, Sindh expects to receive Rs3.111 trillion in revenues, marking a 21.4 percent rise from revised estimates. The province anticipates an average annual revenue growth of 12.5 percent over the next three years. If the Federal Board of Revenue (FBR) meets its Rs14.131 trillion target, Sindh expects to receive approximately Rs269 billion from the federal divisible pool. Major allocations include Rs42.2 billion for public universities, Rs10.4 billion for medical education, and Rs5 billion for the 'Inclusive City' initiative supporting persons with disabilities. Other allocations include Rs6.6 billion for the Sindh Institute of Child Health & Neonatology, Rs5.2 billion for ambulance services under the Sindh Emergency Health Services, and Rs10 billion for a new hospital in Larkana. The SIUT has been allocated Rs21 billion, NICVD Rs23 billion, and PPHI Rs16.5 billion. In terms of infrastructure and green energy, Rs10 billion has been earmarked for the Dumloti–DHA water pipeline, Rs3.1 billion for the Hub Canal, and Rs25 billion for green energy projects. Public health initiatives aligned with the Sustainable Development Goals (SDGs) have received Rs45 billion. Agriculture and social support programs include Rs8 billion for the Benazir Hari Card, Rs1.8 billion for livestock breeding, and subsidies for solar tube-wells, drip irrigation systems, and super seeders. Low-income housing projects will receive Rs2 billion, while Rs2 billion has been allocated to the Sindh Peoples Support Program. Additional support includes Rs200 million for orphans and widows, and Rs500 million per initiative for women's empowerment in agriculture and SMEs. The budget also doubles stipends for persons with disabilities and increases assistive devices distribution from 20,000 to 40,000 units. Speaking after the budget's passage, Murad Ali Shah extended congratulations to all members of the Sindh Assembly, including opposition legislators, and expressed gratitude to his party leadership and cabinet. He noted with appreciation that every member of the opposition participated in the budget debate, calling it a healthy sign of democratic engagement. Murad Ali Shah remarked that Sindh belongs to all, and love for the province should rise above political point scoring. 'It is heartening that another budget has been passed by this Assembly. On this important occasion, I thank the party leadership, the cabinet, and all members of this House who took part in the process,' he said. The Chief Minister added that wherever a majority exists, the government has the mandate to pass a budget, but meaningful suggestions are welcome from all quarters. 'I have speeches from every member; some have made very constructive proposals, and we will consider them,' he said, adding that future efforts would include digitizing cut motions in the budget to ensure better tracking and evaluation. He praised the relentless work of the Sindh Finance Department in preparing the budget, highlighting that the department staff worked late nights for weeks without breaks. Murad acknowledged the contribution of P&D's Najam Shah and announced bonuses for both Finance Department personnel and the staff of the Assembly for their exceptional efforts. Opposition Leader Ali Khurshidi also addressed the House, extending his congratulations on the budget's approval and expressing hope that the government would work to overcome its shortcomings. 'The opposition has played its part, and I commend all opposition members as well as the government,' he said. Jamaat-e-Islami (JI) MPA Muhammad Farooq congratulated all members, noting that democratic proceedings enhance trust in governance. He appreciated the Chief Minister's openness to criticism. PTI's Shabbir Qureshi said both government and opposition members represented their constituencies well during the budget session, praising ministers Sharjeel Inam Memon and Zia Lanjar for their contributions. 'Murad Ali Shah showed grace in his final speech. I hope this marks the beginning of a new era of development in Sindh,' he said. Senior Minister Sharjeel Inam Memon lauded the role of journalists and cameramen who worked under challenging conditions throughout the session. 'This time, the budget session ended on a positive note, unlike in previous years. Everyone deserves congratulations for that,' he remarked. In his closing remarks, Murad Ali Shah called the budget a 'responsible, inclusive, and forward-looking financial plan' that promotes equitable development and responds to the economic challenges faced by the people. 'This budget is a roadmap for recovery, opportunity, and social justice in Sindh,' he said. Copyright Business Recorder, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store