Tuesday, March 03 2026

Feb cement despatches up by 12.53pc YoY: APCMA
Cement despatches increased by 12.53 percent in February 2026 as total despatches during the month were recorded at 4.199 million tons against 3.732 million tons despatched during the same month of last fiscal year. According to the data released by All Pakistan Cement Manufacturers Association (APCMA), local cement despatches by the industry during the month of Feb-26 were 3.467 million tons compared to 3.2 million tons in Feb-25, showing an increase of 8.35 percent. Exports despatches also increased by 37.72 percent as the volumes jumped from 531,736 tons in Feb-25 to 732,333 tons in Feb-26. In Feb-26, the North based cement mills despatched 2.856 million tons cement showing an increase of 7.66 percent against 2.653 million tons despatches in Feb-25. South based mills despatched 1.34 million tons cement during Feb-26 that was 24.50 percent more compared to the despatches of 1.079 million tons during Feb-25.
Related news categories: business cement economic-indicators psx stock-exchanges

Monday, March 02 2026

Bestway Cement enters auto sector after CCP nod
The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of Al-Haj Automotive (Private) Limited by Bestway Automotive (Private) Limited, a wholly owned subsidiary of Bestway Cement Limited, following a Phase-I competition assessment conducted under the Competition Act, 2010. According to a statement released on Saturday, Bestway Automotive (Private) Limited filed a pre-merger application on January 26, 2026, for the acquisition of Al-Haj Automotive (Private) Limited, under Section 11 of the Competition Act, 2010. The transaction arises from an asset purchase agreement executed on December 22, 2025, between the merger parties. Meanwhile, the acquirer, Bestway Automotive (Private) Limited, is a private limited company incorporated in Pakistan and a wholly owned subsidiary of Bestway Cement Limited, a company listed on the Pakistan Stock Exchange.
Related news categories: auto-assembler business cement economic-indicators psx stock-exchanges
Related symbols: bwcl (news stock)

Friday, February 27 2026

CCP clears proposed acquisition of Attock Cement
The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of the Attock Cement Pakistan Limited by Fauji Cement Company Limited and Kot Addu Power Company Limited, following a Phase-I competition assessment conducted under the Competition Act, 2010. On February 3, 2026, Fauji Cement Company Limited and Kot Addu Power Company Limited filed a pre-merger application for the acquisition of controlling interest in Attock Cement Pakistan Limited from Pharaon Investment Group Limited. The proposed acquisition is pursuant to Scheme of Compromises, Arrangement, and Reconstruction Agreement dated January 30, 2026. Upon completion of the transaction, Fauji Cement Company Limited and KotAddu Power Company Limited will acquire control of Attock Cement Pakistan Limited.
Related news categories: business cement economic-indicators psx stock-exchanges
Related symbols: acpl (news stock)

Monday, February 23 2026

Maple Leaf Cement acquires 88.28% stake in Pioneer Cement, gains control
Maple Leaf Cement Factory Limited (MLCF) has acquired control of Pioneer Cement Limited (PIOC) after completing a public offer and additional share purchases, raising its collective shareholding to 88.28%, rendering PIOC its subsidiary. MLCF disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Monday. “MLCF hereby submit that we have fulfilled all obligations as stipulated under the Securities Act, 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017 in relation to the public offer for the acquisition of up to 26,623,096 ordinary shares (constituting 11.72% of the shareholding interest) and control of PIOC,” read the notice. MLCF further shared that following a Share Purchase Agreement dated December 17, 2025, the cement maker has also acquired 131,820,554 ordinary shares, i.e. 58.03% of the shareholding interest of PIOC on February 20, 2026.
Related news categories: business cement economic-indicators psx stock-exchanges
Related symbols: mlcf (news stock) pioc (news stock)