Economy & Market
Pak cement cos slash 13% in export price for India
Considering the appreciation of the greenback versus the Indian Rupee, Pakistani cement manufacturers have reduced export price for India by 13 per cent. Market sources said this move will help capture the Indian export market, which has lot of potential despite many hurdles particularly transportation and Bureau of Indian Standards (BIS) certification.
The Pakistatn cement producers said that due to deprecation of PKR, Pakistani cement manufacturers reduced the commodity price by $9 per tonne. With the current price decline, cement is now being exported to India at an average price of $60 per tonne as compared to $69 previously.
The price cut will help Pak cement companies to maintain export growth to India, which is also a major importing country of Pakistani cement. Though, cement export to India registered a growth of some 3 per cent to 605,543 tonne during FY12 compared to export of 590,102 tonne in FY11, cement sector is still not satisfied with the current growth of export to India saying that export can cross one million tonne, if the hurdles are removed.
The Pak cement producers claimed that the quality of Pakistani cement is much better than Indian cement. Pakistani cement consumption is some 5 to 10 per cent less than Indian cement, hence imported cement from Pakistan is cheaper for India, they added.