The output subindex climbed to 56.3 in March from 51.8 in February, also reaching its highest level since July 2019 but still below the series average of 57.3.
On Month on Month (MoM) basis the local cement sales are likely to decline 7-11pc due to seasonality and in line with previous two years trend, said Topline Securities.
The IMF report on streamlining business regulations states, Pakistan is among the countries that have reduced the time it takes to deal with construction permits and also to obtain a new electricity connection.
We spoke with Ali Alam Qamar, the young entrepreneur and investor who wants to digitally transform the Pakistani Housing Construction Industry with his new venture Zarea.pk.
The development comes as the company appoints Adnan Afaq as Chairman and Haroon Ahmed Khan as Chief Executive Officer of the company for a period of three years.