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The Ministry of Construction is reportedly contemplating extending a 2% reduction in the rate of value-added tax (VAT) on cement in order to stimulate sales. Additionally, it has called for a reduction in the export tax on clinker back down to 5%, following a rise to 10% in 2023....
have scared off other businesses. Foreign direct investment in Pakistan fell 39% to $12 billion in the year to July, according to central bank figures. Still, countries like Pakistan continue to matter for consumer-goods companies
However, much of the heavy equipment could find its way to construction and mining projects in places like Pakistan or Kazakhstan, or as far away as Africa. Caterpillar has been investing heavily in China – the Nantong facility is one of 25 similar ones it has set up...
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