More in pipeline: 50,000t cement orders received from Sri Lanka

More in pipeline: 50,000t cement orders received from Sri Lanka
Published: 19 April 2005

Pakistan has received export orders for 50,000t cement from Sri Lanka, which is expected to fetch US$9.2m in foreign exchange. Besides, export orders for 25,000t cement each month for one year are also in the pipeline, sources told Business Recorder. Total amount of foreign exchange the country is expected to earn from these orders is estimated at US$13.2m, Director-General, Board of Investment (BoI), Karachi, Ikhlaq Ahmed Malik, said and added that it would help a lot in meeting the exports target of this year.

Terming it a robust growth in cement sector, Ikhlaq gave credit mainly to a documentary prepared for cement industry of the country under the patronage of BoI.

"This documentary was sent to all foreign chambers of commerce and leading business houses around the globe, which proved fruitful, as a number of export orders have been received after sending of this documentary," he added.

Through these steps, BoI DG said, export of non-traditional items has been made possible to new destinations. He said that such documentaries would also be prepared for other sectors of economy to boost exports.