According to Finance Minister Shaukat Tarin, there is a need to offer industrial inputs such as cement and steel at competitive rates to maintain Pakistan’s economic recovery momentum in the face of the Covid-19 epidemic.
In a meeting with cement producers at the Finance Division on Tuesday, he emphasized the importance of lowering cement prices, emphasizing the industry’s importance to Pakistan owing to its backward and forward connections with the building sector.
The finance minister praised the cement industry’s efforts, noting that it aided in the country’s V-shaped economic recovery during the coronavirus epidemic.
Read Also: PLL gets expensive offers for LNG cargoes
He referred to the cement business as a “building brick” for the construction industry.
Tarin emphasized the government’s stimulus initiatives to boost the building industry, which resulted in a resurgence in economic activity during the epidemic.
The finance minister encouraged cement industry representatives to conduct a consultation session with key stakeholders and provide clear ideas for a long-term pricing structure.
He emphasized that the move will benefit the building sector by supplying industrial inputs at a fair rate.
Furthermore, the minister reaffirmed his complete support and assistance of the cement sector.