Thursday, November 05 2026

Pakistani cement maker to enter mass-market EV segment through Chinese imports
Thatta Cement, a Pakistani cement maker, plans to enter the country’s electric vehicle (EV) market through a wholly owned subsidiary, initially importing completely built-up (CBU) electric vehicles from China. Thatta Cement, involved in the manufacturing and marketing of cement and also owns Thatta Power (Private) Limited, disclosed the development in a filing to the Pakistan Stock Exchange (PSX) on Thursday. “The EV market in Pakistan is witnessing rapid growth, driven by increasing consumer interest, the entry of new international and domestic brands, and the introduction of various government incentives and tax concessions aimed at promoting electric mobility.
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Wednesday, November 04 2026

Domestic cement despatches slightly up by 1.17pc during Oct-26
All Pakistan Cement Manufacturers Association has revealed that local cement despatches by the industry during the month of Oct-26 were 4.041 million tons compared to 3.994 million tons in Oct-25, showing an increase of 1.17pc. Export despatches, however, declined by 3.67pc to 768,754 tons compared to 798,019 tons in Oct-25. Total cement despatches during Oct-26 were 4.810 million tons against 4.792 million tons despatched during the same month of last fiscal year, showing an increase of 0.37pc. According to the data released by the Association on Tuesday, in Oct-26, total despatches by North based cement mills were 3.397 million tons cement showing a decline of 3.13pc against 3.507 million tons despatches in Oct-25.
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Tuesday, November 03 2026

CHCC targets up to 75pc stake in NICL
Cherat Cement Company Limited (CHCC) expects to complete its takeover of NICL (Nimir Industrial Chemicals Limited) in the coming months, with its ownership stake projected to reach approximately 70 to 75 percent, including the tender offer. According to takeaways from the company’s analyst briefing, under the proposed acquisition, NICL’s existing management is expected to retain around 15 percent ownership. Cherat Cement plans to finance the remaining consideration through a seven-year syndicated loan from two local banks at what management described as attractive rates, alongside approximately Rs16 billion in cash and short-term investments.
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Related symbols: chcc (news stock) nicl (news stock)

Monday, November 02 2026

Cherat Cement agrees to acquire majority stake in Nimir Industrial Chemicals for Rs24 billion
Cherat Cement has signed agreements to acquire a majority stake in Nimir Industrial Chemicals Limited (NICL) for over Rs24 billion, i.e. approx. $86.6 million. The company disclosed the development in a filing submitted to the Pakistan Stock Exchange (PSX) on Monday. The company entered into two share purchase agreements on October 30, 2026, with NICL shareholders to acquire a total of 70.86 million ordinary shares.
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Related symbols: chcc (news stock)

Friday, October 30 2026

Lucky Cement announces Karachi plant expansion
Lucky Cement Limited (LUCK) has announced a 3.2 million-tonne-per-annum brownfield expansion at its Karachi plant, with commercial operations targeted to commence by December 2027, taking its total cement production capacity in Pakistan to 18.8 million tonnes per annum. The expansion and additional renewable energy projects are expected to involve capital expenditure of at least Rs50 billion, according to takeaways from the company’s analyst briefing for the first quarter of FY27, conducted on Thursday.
Related news categories: business cement economic-indicators psx stock-exchanges
Related symbols: luck (news stock)