Cement: Royalty increase proposed on KPK based cement manufacturers in line with Punjab - By Topline Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In a major development, royalty on cement for KPK province is considered to be shifted from ore-based to bag-based calculation with a minimum of 6% of ex-factory sale value as prevalent in Punjab province.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">To recall that previously royalty on limestone and argillaceous clay used for cement manufacturing was fixed at Rs250/ton for plants based in KPK.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">This would have a negative impact on profits of KPK based manufacturers since the royalty on raw material which currently stands at Rs250/ton will increase incrementally by Rs1,100-1,200/ton based on current ex-fa...