Pakistan full-year sales decline

Pakistan full-year sales decline
Published: 21 July 2011

Pakistan’s domestic and export sales fell to 31.38Mt in fiscal 2010/11 which has just ended, down by eight per cent from 34.20Mt in the previous fiscal year, according to the All Pakistan Cement Manufacturers Association (APCMA) on Monday.

Of total dispatches, 21.97Mt were local sales and 9.41Mt export markets. Local sales declined by 6.68 per cent from 23.55Mt sold in the previous year. Export fell by 1.76 per cent from 10.65Mt last year.

A spokesman for APCMA said that the just ended fiscal year proved difficult for the cement sector as 80 per cent of manufacturers suffered huge losses on the back of stagnant local consumption, as the government failed to honour its commitment for payment of inland freight subsidy that could have boosted exports.