Economy & Market
Pak cement sales up 16.75% over previous year
Pakistan's cement dispatches during August 2016 stood at 3.585 million tonnes (MT), 16.75 per cent higher than dispatches of 3.071 MT recorded during August 2015, according to data released by the All Pakistan Cement Manufacturers Association.
According to the Express Tribune, domestic sales during August 2016 were 3.028 MT against 2.5MT in August 2015, a growth of 20.92 per cent. Zone-wise, domestic sales during August 2016 in the north were 2.495 MT against 2.034 MT in August 2015, while in the south they amounted to 0.532 MT against 0.47 MT in August 2015.
On a year-on-year basis, total domestic demand during the first two months of the current fiscal year stood at 4.89 MT compared to 4.3 MT in the same period last year, showing a growth of 13.83 per cent. Exports to India during the first two months were 268,230 tonnes compared to 100,437 tonnes during the same period in the previous year.
However, exports have been continuously falling and during the first two months, they went down to 1.022 MT from 1.032 MT during the same period of last year.