Cement exports increased by 69.07% year-on-year basis

ISLAMABAD: The cement exports during first eight months of the current fiscal year from July 2018 to Feb 2019 period registered a growth of 52.30 percent to 4.65 million tons from 3.05m tons exported in the corresponding period of last year.

According to the data released by the All Pakistan Cement Manufacturers Association, the overall cement exports from the country increased by a healthy 69.07 per cent year-on-year basis in Feb 2019.

The cement industry exported 0.51 million tons of clinker and cement in February 2019 against exports of mere 0.301 million tons in February 2018.

The southern part of the country, particularly the Sindh region, fared comparatively better as cement exports from the region increased by 185 per cent from 0.12 million tons in Feb 2018 to 0.35 million tons in Feb 2019.

The local consumption in the region stood at 0.67 million tons in Feb 2019 as compared to 0.61 million tons in Feb 2018.

Read More: Export policies to bear fruit by end of this fiscal year: Razak Dawood

On February 20, Adviser to Prime Minister on Commerce Abdul Razak Dawood had claimed that the government’s export polices would bear fruit by the end of the following fiscal year.

Addressing a ceremony in Karachi, Razak Dawood had said that the incumbent government had adopted the appropriate policies to increase exports and added that economy had been brought on the right track.