Pakistan cement exports grew by 60 per cent to 6.83Mt during eight months (Jul-Feb) of the current 2008-09 fiscal year against 4.26Mt of last year, reports the Business Recorder. Industry sources said that rising regional cement demand pushed the country’’s cement export to this level.
However, they said that overall cement export growth witnessed a slight decline, as exports to India had almost halted due to the imposition of 12 per cent duty by the Indian authorities. Cement export growth was 65 per cent during the first seven months of the current fiscal year, they added.
Cement exports during February 2009 increased by 19 per cent to 0.937Mt against 0.645Mt of February 2008. However, slow domestic construction activity impacted local sales of ceme.
Local cement sales declined by 15 per cent to 12.27Mt during the first eight months of current fiscal year as compared to 14.43Mt of the corresponding period of last fiscal year, showing a decline of 2.16Mt. In terms of monthly dispatches, sales declined 19 per cent to 1.49Mt during February 2009 over the 1.84Mt registered in February 2008.