Punjab-based cement manufacturers have obtained a stay order from the court against imposing a 6% royalty on ex-factory cement and clinker prices for limestone and argillaceous clay. The stay order, however, is contingent upon the manufacturer’s furnishing bank guarantees, according to a brokerage report. Despite the stay order, companies are expected to account for the … Read more
In 1959 an unknown named Carol Burnett burst onto the New York stage in the musical comedy “Once Upon a Mattress.” Now, two-time Tony-winning star Sutton Foster is recreating the role of Princess Winnifred, a princess in search of a suitable mate, in the new Broadway revival. Correspondent Tracy Smith talks with Burnett and Foster … Read more
The Government of Punjab has announced an increase in the royalty rate on limestone, crucial for cement manufacturing. The revised rate now stands at 6% of the ex-factory sales price of cement or clinker, up from the previous fixed rate of PKR 250 per ton. Under this new royalty structure, the cost of limestone per … Read more