More promising outlook forecast for Pakistan cement sector

According to a report of Spectrum Securities Ltd, Pakistan's cement industry is expected to improve its margins going forward as the impact of higher interest rates and devaluation of the Pakistani rupee will pass on to the end consumer gradually. Moreover, improving economic activities coupled with regional peace are expected to support cement demand going forward.

During 1HFY19 the sector posted a decline of 19 per cent YoY in profitability. Total cement dispatches during 1HFY19 rose by four per cent to 23.12Mt. Domestic dispatches prevailed to 19.56Mt and exports sales surged by 48 per cent to 3.56Mt.