Business

Pakistan cement sales rise by 14.08% in January

Duties and taxes on cement a major bottleneck for domestic demand

Pakistan cement sales rise by 14.08% in January
Cement bags are seen outside a shop in Multan, Pakistan
Shutterstock

Pakistan's cement industry reported a significant increase in dispatches for January, reaching 3.894 million tons, a 14.08% increase from the same month last year, according to the All Pakistan Cement Manufacturers Association (APCMA).

Local dispatches in January climbed to 3.313 million tons, up 11.64% from January 2024's 2.967 million tons.

Export dispatches surged by 30.25%, rising from 446,595 tons in January 2024 to 581,691 tons in January this year.

However, the overall dispatches for the first seven months of the current fiscal year showed a slight decrease of 1.71%, totaling 26.827 million tons compared to 27.295 million tons during the same period last fiscal year.

Domestic dispatches fell by 7.59% to 21.435 million tons from 23.196 million tons, while export volumes increased by 31.54% to 5.392 million tons from 4.099 million tons.

A spokesman for APCMA highlighted ongoing concerns regarding the duties and tax structure on cement, which he described as a major bottleneck for domestic demand.

"Cement being an essential commodity and not a luxury item, the government should rationalize its tax structure, as the lower cost to end consumer will boost construction activities and employment in the sector," he said.

Comments

See what people are discussing

More from Business

Pakistan Petroleum signs MoU for Sui Development and Production Lease

Pakistan Petroleum signs MoU for Sui Development and Production Lease

PPL pledges PKR 60 billion to Balochistan, focus on CSR initiatives