Approval of Sole Enterprise SEZ Premier Cement Ltd
Sapphire is well established group of companies operating for more than 40 years and continuously diversifying its business segments, contributing towards the national economy. The group is aiming to establish a project of manufacturing of cement plant and allied building materials in Dera Ismail Khan under Sole Enterprise SEZ status.
Premier Cement Limited is a subsidiary of Sapphire and already incorporated and registered with Securities and Exchange Commission of Pakistan (SECP). For development of this industrial economic zone, the company has acquired land measuring 600 acres in the area of Bilout located in District Dera Ismail Khan, Khyber Pakhtunkhwa. Three mining concessions of Limestone in the Bilout area have been granted to Premier Cement Limited.
- Bilout 1: 2,544 Acres near Chura (Chura Block)
- Bilout 2: 2,908 Acres near Kafir Kot (Kafir Kot Block)
- Bilout 3: About 1,800 Acres near Ali Khan (Rahmani Khel Block)
Project cost is estimated to be USD185 million and the target cement production capacity is about 8925 tons per day. The project is expected to export 10% of manufactured cement and 70% of the manufactured lime. The exports for the first year is expected to be around USD8.65million for Cement and USD15.12 million for Lime.
Viability of the project is high as growth in demand for cement and building materials due to various initiatives including CPEC, Naya Pakistan Housing initiative etc. Establishment of the SEZ will lead to creation of employment opportunities and economic activities at both downstream and upstream business supply chain.
Board of KPSEZA is recommend the submission of the proposal of Premier Cement Limited to the Federal Board of Investment for approval from BoA (Board of Approvals) for granting the status of Sole Enterprise Special Economic Zone.
BoA (Board of Approvals) in its meeting held on 14th November, 2022 approved the recommendation of Board of KP-SEZA for granting the status of Sole Enterprise Special Economic Zone to the proposal submitted by Premier Cement Limited
Premier Cement Ltd is spread over an area of 600Acres at Bailot D.I Khan with estimated investment of PKR 40Billion. The Project is milestone in Industrial Sector which will create employment opportunities & transform the economy.