Q1 cement despatches increase 16.25pc to 12.61 million tons YoY

Cement despatches — both domestic and exports — recorded a growth of 16.25 percent in the first quarter of the current financial year. However, the All Pakistan Cement Manufacturers Association (APCMA) maintained that the industry could achieve even stronger growth if the government extends concessions on duties and taxes, ultimately benefiting the end consumer. “Significant rehabilitation work remains to be undertaken in areas devastated by the floods, and we expect full cooperation from the government,” APCMA spokesman said while releasing the data on Thursday. According to the data released by the Association, total cement despatches (domestic and exports) during the first quarter of current fiscal year, were 12.161 million tons that is 16.25 percent higher than 10.461 million tons despatched during the corresponding period of last fiscal year. Domestic despatches during this period were 9.573 million tons against 8.319 million tons during same period last year showing an increase of 15.08 percent.