Cement exports from the country witnessed negative growth of 6.2 per cent during the first two months of the current fiscal year. Cement exports from the country during July-August (2011-12) stood at $75.888 million as against the exports of $80.900 during the same period of last year, showing 6.2 per cent decrease, Federal Bureau of statistics reported.
In terms of quantity, the cement exports, however decreased by 20.03 per cent during the period under review. As much as 1,371,866 metric tons of cement were exported during the first two months of current year as against the exports of 1,715,573 metric tons.
On the other hand the cement exports during August 2011 registered decrease of 5.77 and 6.27 when compared to the exports of July 2011 and August 2010, respectively.
Cement Exports during August 2011 were recorded at $36.189 million against the exports of $39.072 million and 39.280 million in July 2011 and August 2010 respectively. In terms of quantity, the cement exports in August 2011 reduced by 5.94 per cent and 16.57 percent against the exports of July 2011 and August 2010 respectively, FBS reported.
The figures revealed that as much as 664,930 metric tons of cement was exported during August 2011 against the exports of 706,936 metric tons in July 2011 and 796,994 metric tons in August 2010.
On the other hand, the production of cement declined by 7.87 per cent during the month of July 2011 over the same month of last year. Cement production in July 2011 was 2,604,000 tonnes as compared to 2,414,000 tonnes during the same month of last year.
It is pertinent to mention here that cement is one of major industries of Pakistan and the country is rich in cement raw material.
Pakistan cement industry has huge potential for export of cement to neighbouring countries like India, U.A.E, Afghanistan, Iraq an Russian States.
The major markets of the Pakistani cement are African and Asian countries.
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