Pakistan: Pakistan has approved seven new cement plants backed by US$700m in investment following approval by the Special Investment Facilitation Council, according to Pakistan Today. The approvals were issued in coordination with the Punjab government, resolving regulatory delays affecting the projects. Companies that received approvals were Flying Cement, Lucky Cement, Bhutta Cement, Asian Precious Minerals, Orient Cement, Dandot Cement and Maple Cement. No details regarding capacity or location of the plants were disclosed.
Officials said that the new plants will increase domestic cement production capacity, support exports and reduce reliance on imports. The projects are also expected to create jobs and support related sectors including logistics and infrastructure.
