Pakistan cement industry trebles FDI

Pakistan cement industry trebles FDI
07 May 2014

The Pakistan cement sector has received foreign direct investment (FDI) to the tune of US$21.5m from July 2013-March 2014, more than trebling the US$6.3m received during the comparative period the previous year, according to the State Bank of Pakistan. In March alone, FDI into the cement industry reached US$2.2m.

While investment fell from US$102.5m in FY08 to US$32.6m one year later, in FY11 it recovered, rising to US$65.2m. However, in FY12, the industry did not receive any FDI.

The Pakistan cement industry has recorded an average growth of 5.7 per cent in output between FY08-12 to 28.95Mt, according to the Pakistan Cement Manufacturers' Association. However, with cement capacity climbing to 33.642Mt in March 2014, capacity utilisation rates have remained at around 74 per cent.

Published under Cement News

Tagged Under: production Capacity Pakistan