{"id":69434,"date":"2020-08-20T09:49:00","date_gmt":"2020-08-20T04:49:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=69434"},"modified":"2020-08-20T10:18:58","modified_gmt":"2020-08-20T05:18:58","slug":"tedious-approval-procedures-delay-usd-6-9-bn-investment-cement-sector","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/tedious-approval-procedures-delay-usd-6-9-bn-investment-cement-sector.html","title":{"rendered":"Tedious approval procedures delay USD 6.9 bn investment in cement sector"},"content":{"rendered":"\n<p>Lahore: Tedious approval procedures have been delaying investments worth nearly USD 7 billion in the cement sector \u2014 a news source reported on August 19. During the past 8 months, the number of applications for setting up new cement plants, or for making extensions to existing cement facilities, have increased from 14 to 23 due to delays in the provision of approvals.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/apcma-registers-nearly-38-rise-cement-sales-july.html\" target=\"_blank\" rel=\"noreferrer noopener\">APCMA registers nearly 38% rise in cement sales during July<\/a><\/p>\n\n\n\n<p>These applications have been filed for the development of plants in five districts of Punjab, including Attock, DG Khan, Mianwali, Khushab, and Chakwal. The applications are pending before various state departments, including local government, mines and minerals, and environment protection among others.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/minister-takes-notice-of-cement-price-hike.html\" target=\"_blank\" rel=\"noreferrer noopener\">Minister takes notice of cement price hike<\/a><\/p>\n\n\n\n<p>As per the experts, setting up a new cement plant or extending one costs between USD 250 million and USD 300 million. The 23 applications that have been delayed due to current approval procedures are worth between USD 5.75 billion and USD 6.9 billion in investments \u2014 approximately PKR 1 trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: Tedious approval procedures have been delaying investments worth nearly USD 7 billion in the cement sector \u2014 a news source reported on August 19. During the past 8 months, the number of applications for setting up new cement plants, or for making extensions to existing cement facilities, have increased from 14 to 23 due to delays in the provision of approvals. Read: APCMA registers nearly 38% rise in cement sales during July These applications have been filed for the development of plants in five districts of Punjab, including Attock, DG Khan, Mianwali, Khushab, and Chakwal. The applications are pending before various state departments, including local government, mines and minerals, and environment protection among others. Read: Minister takes notice of cement price hike As per the experts, setting up a new cement plant or extending one costs between USD 250 million and USD 300 million. The 23 applications that have been delayed due to current approval procedures are worth between USD 5.75 billion and USD 6.9 billion in investments \u2014 approximately PKR 1 trillion.<\/p>\n","protected":false},"author":57,"featured_media":61117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[7325,237,37281],"persona":[],"class_list":{"0":"post-69434","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-cement-sector","9":"tag-investment","10":"tag-tedious-approval-procedures-delay-usd-6-9-bn-investment-in-cement-sector","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tedious approval procedures delay USD 6.9 bn investment in cement sector - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: Tedious approval procedures have been delaying investments worth nearly USD 7 billion in the cement sector \u2014 a news source reported on August 19.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/tedious-approval-procedures-delay-usd-6-9-bn-investment-cement-sector.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tedious approval procedures delay USD 6.9 bn investment in cement sector - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: Tedious approval procedures have been delaying investments worth nearly USD 7 billion in the cement sector \u2014 a news source reported on August 19.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/tedious-approval-procedures-delay-usd-6-9-bn-investment-cement-sector.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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