Karachi: Cement sales grew by about 1.67% and rose to 26.765 million tonnes during the first seven months of the current fiscal year, a news source reported. This growth was rather low because of the reduction in government spending on infrastructure projects.
However, the exports appreciated by 50.47% and rose from 2.775 million tonnes to 4.141 million tonnes during the July-January period of 2018-19.
On a year-on-year basis, overall cement sales declined by 10.70% to 3.646 million tonnes in January; in contrast to the 4.083 million tonnes recorded for the same month last year.
The exports, however, rose to 0.579 million tonnes in January this year – as against 0.347 million tonnes in January 2018.
Domestic cement consumption saw a nominal decline in the Southern region for the first time this year.
The sales in the North stood at 2.355 million tonnes last month, as against 3.018 million tonnes in January 2018. The consumption in the South depreciated from 0.719 million tonnes last year to 0.711 million tonnes in January 2019.
