Pakistan’s cement exports have witnessed a healthy growth of 140 per cent to all-time high level of 4.2611Mt during the first eight months of the current fiscal year, industry sources said.
The statistics made available from the All Pakistan Cement Manufacturers Association (APCMA), which shows that cement export registered a robust increase of 2.48Mt during July-February of the current fiscal year and it has touched a new mark of 4.261Mt mark as compared to 1.774Mt over the same period last year.
The exports during the first eight months are also some 1.073Mt higher than 3.188Mt in the same period last year. Therefore, the overall exports have reached new peak during the July-February of the current fiscal year.
Local dispatches has gone up 17.16 percent to 14.433Mt during the July-February of the current fiscal year as compared to 13.469Mt over the same period last fiscal year.
Total cement sales have augmented by 22.64 per cent in January February of the current fiscal year over the same period of last fiscal year as a result of enhanced construction activities due to mild weather across the country and increased exports to neighbouring countries.
After the current upsurge overall dispatches have reached 18.694Mt in fiscal 2008 as against the 15.243Mt in fiscal 2007, depicting an increase of 3.451Mt. Sources said that expansions have come online in major cement mills and cement piling up at lower prices in anticipation of its increase and the pleasant weather to have further turned favourable for construction activities in both North (Punjab and NWFP) and South (Sindh and Balochistan) regions.
Cement exports posted a 96.75 per cent growth, while total sales grew by 12.8 per cent to 13.19Mt in February 2008. Following the current augmented exports during February reached 0.642Mt and local sales touched 1.8465Mt mark.