ISLAMABAD: The first nine months of current fiscal year the industry has sold 34.76 million tons of cement which was 14.7 per cent higher than 30.3 million tons dispatches during the corresponding period last year.
Of the total, the local dispatches were 31.31 million tons as compared to 26.18 million tons during same period last year.
The domestic growth is mainly attributing policies of the government and its thrust on mega infrastructure projects and will further increase local production substantially if the smuggling from Iranian border is checked.
A budget document, quoting statistics of All Pakistan Cement Manufacturers Association (APCMA) on Sunday said cement industry is among the highest contributors to national exchequer. The sector continues to post healthy growth a continued to enhance its capacities.
The recent growth in domestic cement demand has been complemented by surging exports for the second consecutive months as cement export increased by a whopping 85 per cent in March 2018.
The exports started improving in February 2018 and continued to improve in March 2018 as well on account of sudden surge to Afghanistan that increased from 0.037 million tons in March 2017 to 0.106 million tons in March 2018.
The total cement sales in March 2018 were historical high by 4.652 million tons. This was 17.33 per cent higher than sales of 3.965 million tons achieved in March 2017.
Domestic consumption was 4.260 million tons out of which 3.543 million tons was consumed in northern part and 0.717 million tons was consumed in southern part of country, showing a growth of 13.52 per cent.
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