Cement News tagged under: All Pakistan Cement Manufacturers Association

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Pakistan's local dispatches hit by tax measures

21 August 2019, Published under Cement News

Pakistan's cement industry is still facing number of challenges in terms of local dispatches and profitability due to stringent tax measures taken in the federal budget 2019-20 to overcome the country's current account deficit and meet the pre-conditionality of the IMF package. Other factors also hurting cement industry, including the high cost of doing business, interest rate hike, increased in utilities charges and axel load factor. The government wants to increase its tax revenue ba...

Local cement dispatch faces barrier in Pakistan

01 August 2019, Published under Cement News

Pakistan cement industry is still persisting with the dispatch issue in the local market. The All Pakistan Cement Dealers Association (APCDA) is reluctant to lift the cement cargoes from cement plants across country on the pretext of intruding tax measures announced in federal budget 2019-20. However, All Pakistan Cement Manufacturers Association (APCMA) neither highlighted this issue nor any companies intimated Pakistan Stock Exchange (PSX) whether this issue is impacting warehouse space ...

Mixed dispatches expected for Pakistan's cement sector in FY19

19 July 2019, Published under Cement News

Pakistan's cement industry is likely to report mixed dispatches data for FY19. According to a sector research report released by Topline Securities, domestic dispatches will drop by three per cent, while total dispatches will increase one per cent in FY19 with the sales mix shifting in favour of overseas exports by southern players. Cumulatively, exports are expected to increase 37 per cent with cross-border exports (Afghanistan and India) falling by 19 per cent while seaborne exports are...

Pakistan's seaborne exports grow July 2018-March 2019

23 April 2019, Published under Cement News

Cement exports during the first nine months of July 2018 to March 2019 recorded a YoY growth of 32.8 per cent and 55.4 per cent in terms of value in dollar and quantity, respectively, according to Pakistan's Bureau of Statistics (PBS). The rise in cement exports came on the back of an increase in seaborne clinker and cement exports. However, exports to Afghanistan and India contracted by 17.2 and 20.1 per cent, respectively. Pakistan's cement industry earned foreign exchange revenues of...

Pakistan cement production shrinkage in 8MFY19

23 April 2019, Published under Cement News

The overall output of Pakistan's Large-Scale Manufacturing Industries (LSMI) fell by 1.7 per cent for July-February 2018-19 compared to July-February 2017-18, reports Pakistan's Bureau of Statistics (PBS). On a further negative note, the LSMI output decreased by 1.5 per cent in February 2019 compared to February 2018, and by 5.1 per cent when compared to January 2019. Output in July-February 2018-19 as compared to July-February 2017-18 has decreased in food, beverages and tobacco, petcoke ...

9MFY18-19 APCMA data depicts gloomy results in northern Pakistan

05 April 2019, Published under Cement News

Pakistan's cement industry showed poor performance during the first nine months of current financial year July 2018-March 2019. All Pakistan Cement Manufacturers Association (APCMA) pictured a gloomy situation in its monthly report, stating that cement sector with its huge underused capacities continued to face a lack of domestic demand due to slowing growth, lower development spending and delays in the launch of the government’s ambitious low-cost housing scheme. While cement consumption ...

State Bank of Pakistan reviews performance of cement in 1H19

26 March 2019, Published under Cement News

The State Bank of Pakistan has released its second quarterly report on The State of Pakistan’s Economy for FY19. As stated by the report, the effects of macroeconomic stabilisation measures, taken since December 2017, started to unfold as the economy moved into the second quarter of FY19. The report covered the performance of cement in terms of local and export sales.   In line with other construction-allied industries, cement production declined by 1.6 per cent in 1H-FY19, compared to an e...

Pakistan cement production falls in 7MFY19

15 March 2019, Published under Cement News

The overall output of Pakstan's Large Scale Manufacturing Industries (LSMI) decreased by 2.3 per cent for July 2018-January 2019, compared to July 2017-January 2018, says data released by Pakistan Bureau of Statistics (PBS). The LSMI output decreased by 4.6 per cent for January 2019 compared to January 2018 and increased by 20.8 per cent, if compared to December 2018.   The production in July 2018-January 2019 as compared to July 2017-January 2018 has significantly decreased in food, be...

APCMA releases dispatch data for January and 7MFY19

07 February 2019, Published under Cement News

The Pakistan cement sector posted a double-digit decline of 10.7 per cent in the month of January compared with corresponding month last year, raising alarm bells among producers with a large production capacity, reports the All Pakistan Cement Manufacturers Association (APCMA). The cement industry dispatched 3.646Mt in January 2019 against 4.083Mt in January 2018, says APCMA. The buoyancy in exports stayed on course, increasing by a healthy 67.3 per cent. The industry exported 0.579Mt o...

APCMA cement dispatch data for 6MFY18/19

07 January 2019, Published under Cement News

All Pakistan Cement Manufacturers Association (APCMA) has released dispatches data for 6MFY18-19, which shows mixed sales. Local dispatches contracted and export swelled during July-Dec 2018. Domestic cement dispatches declined in the first six months of FY18-19 by 1.4 per cent as compared to same period last year, which is the first drop in the last nine years. However, a surge in exports of 48 per cent in the first six months of this financial year, when compared to last year, increased...