Pakistan earns mixed revenue in 4MFY20

Pakistan earns mixed revenue in 4MFY20
21 November 2019

Pakistan's cement industry earned foreign exchange revenue of US$94.41m by exporting 2.368Mt of cement and clinker between July and October 2019, compared to US$104.34m from exporting 2.411Mt of cement/clinker in same months last year, says the country's Federal Bureau of Statistics.

This reflected a YoY fall of 9.5 per cent and 1.8 per cent in terms of value and quantity, respectively. However, in local currency terms, the export value increased by 13.2 per cent to PKR14.83bn during this period, but value per tonne fell from US$43.26/t to US$39.86/t.
In October 2019 alone, export revenues saw a MoM growth to US$27.63m with cement exports of 757,839t as compared to US$24.62m from exports of 625,166t in September 2019. This translates a growth of 12.2 per cent and 21.2 per cent in terms of dollar value and quantity, respectively.

In addition, when compared with data of October 2018 (US$26.74m at 629,540t), an encouraging trend of 3.3 per cent and 20.4 per cent in dollar and volume terms, respectively was reported.
During this reporting period, exports to India remained suspended while exports to Afghanistan increased by 34.2 per cent to 900,584t. The overseas export of cement fell by 20.3 per cent (621,910t), but clinker exports are still soaring around 100 per cent.

Published under Cement News

Tagged Under: Pakistan Exports Afghanistan