Islamabad (Commerce Desk): Pakistan’s industrial development has gained momentum under the Special Investment Facilitation Council (SIFC), which continues to play a key role in driving reforms across multiple sectors of the economy.
Under the SIFC fast-track policy, a total investment of $700 million has been approved for seven new cement plants in the country. Following the removal of regulatory hurdles, major companies including Flying Cement and Lucky Cement have made significant progress in their expansion projects.
As part of this facilitation, Lucky Cement has completed the upgrade of its Karachi plant, increasing its production capacity. The annual capacity of the Karachi facility has been enhanced by 300,000 tons, bringing it to 5.35 million tons.
According to the company, the modernization will improve fuel efficiency and reduce coal consumption. After this expansion, Lucky Cement’s total production capacity has reached 15.6 million tons per year, strengthening its position as Pakistan’s largest cement producer.
Experts believe these developments will promote long-term, sustainable, and modern industrial growth in the country while also boosting value addition and exports.
Overall, the initiative reflects that SIFC’s reform-driven approach is contributing significantly to industrial expansion and investment growth in Pakistan.