Pakistan to export 2.5Mt of cement in FY 07

Pakistan to export 2.5Mt of cement in FY 07
Published: 06 February 2007

Federal Minister for Industries, Production and Special Initiatives Jahangir Khan Tareen  said that Pakistan would export 2.5Mt of cement during the current fiscal year. "Cement production has doubled from 11Mt over the last four years; This is going to give a fillip to construction industry," he said while addressing a press conference at SMEDA head office here.

Tareen said the government would not allow artificial hike in the prices of cement and would protect the consumers’ interest like it took action by providing subsidy on import when the cement prices significantly shoot up in recent past.

"We have month wise details of cement prices during the last four years which reveal that the present prices are the same as those prevailed four years ago" he added.

Stability in cement prices is an outcome of the government’s balanced and even-handed policies, he maintained.