Rains and Eidul Azha holidays cast gloom on construction activities. AFP/File
KARACHI: Rains and Eidul Azha holidays cast gloom on construction activities which led to a 13 per cent drop in local cement sales in July to 3.446 million tonnes from 3.953m tonnes in the same month last year.
Exports also dropped by 49pc last month to 452,776 tonnes from 885,255 tonnes in July 2020.
As a result of negative trend in domestic and exports dispatches, the overall growth in the cement sector suffered 19.41pc drop in total dispatches in July 2021 to 3.899 tonnes from 4.838m tonnes in July 2020, figures released by the All Pakistan Cement Manufacturers Association (APCMA) on Tuesday revealed.
Cement firms may import coal from Afghanistan
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Pakistan cement dispatches grow by 13% in June
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July 3, 2021
LAHORE: Cement sales and exports saw double-digit growth during the last fiscal year of 2021/22 as robust demand in the domestic market and global offtake continued despite coronavirus uncertainties, industry officials said on Friday.
In FY2021, total cement despatches grew 20 percent to 57.4 million tons from 47.8 million tons in FY 2020, according to All Pakistan Cement Manufacturers Association (APCMA).
Local cement despatches increased 20.4 percent to 48.1 million tons. Exports also increased from 7.8 million tons to 9.3 million tons, showing a growth of 19 percent. APCMA spokesman said the year has been good for cement, as demand has grown considerably because of construction activities.
“Start of construction activities under Naya Pakistan Housing Scheme and good PSDP [public sector development programme] spending helped cement sector witness a record-breaking growth,” said the spokesman.