Lucky to Post Record Profit as Pakistan Home Demand Rises
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Lucky Cement Ltd., Pakistan’s biggest producer of the building material, will post a record profit this year as demand for new homes in the South Asian nation offsets sluggish government spending.
“We lack housing, we lack infrastructure, the population is growing and there is a lot of potential on the domestic side,” Abid Muhammad Ganatra, director of finance, said in an interview at his Karachi office yesterday. “It will be a record profit this year. No doubt about that.”