Karachi February 21 2022: Management at Lucky Cement (LUCK) is prompted to reduce discounts for all institutional customers by increasing PKR 600 per ton or PKR 30 per bag on offered prices effective from Saturday 26th February 2022, according to the notification issued to the customers.
Cement is being sold in the range of PKR 700 per bag to PKR 740 per bag in the north market while in the range of PKR 750 per bag to PKR 780 per bag in the south market.
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Management decided to increase prices as the input costs of cement industry have increased manifold in the last few months due to continuous hike in fuel and electricity prices as well other expenses. This has resulted in increasing the manufacturing cost of cement by a considerable margin.
