Lucky Cement is planning to double production to 15 million tonnes over seven years, with the help of overseas expandion, the report said.
The firm is planning to have a 1.2 million tonne plant in operation in Congo by 2012. A plant is also expected to be up in Iraq next year.
Lucky group has bought a 75.8 percent stake in ICI Pakistan Ltd, from Akzo Nobel for 152.5 million US dollars in July.
Pakistan's Tatta Cement has already been given a concession to build a grinding plant in Sri Lanka's Hambantota port.