US$700 Million Investment Approved for Pakistan's Cement Sector
Islamabad — Pakistan's Special Investment Facilitation Council (SIFC) has approved approximately US$700 million in investment for the establishment of seven new cement plants, marking a significant development for the country's industrial sector. According to officials, the approvals are part of SIFC's fast-track investment facilitation framework aimed at accelerating industrial projects.
The initiative has also helped revive several previously delayed projects involving major cement manufacturers, including Flying Cement and Lucky Cement, by streamlining regulatory procedures.
Lucky Cement Completes Karachi Plant Upgrade
With support under the investment facilitation framework, Lucky Cement has completed the modernization and expansion of its Karachi production facility, increasing the plant's annual production capacity by 300,000 tonnes to 5.35 million tonnes.
Following the upgrade, the company's total nationwide production capacity has increased to approximately 15.6 million tonnes per year, further strengthening its position among Pakistan's leading cement manufacturers.
According to the company, the upgraded facility is expected to improve fuel efficiency, reduce reliance on imported coal, and lower operating costs.
Focus on Industrial Modernization and Export Growth
The approved projects aim to promote long-term industrial modernization, higher production efficiency, and increased competitiveness in international markets.
Expected outcomes include:
- Higher cement production and export potential.
- Adoption of modern, energy-efficient manufacturing technologies.
- New employment opportunities through industrial expansion.
- Improved productivity and greater contribution to Pakistan's economic growth.