Karachi: Cement exports are expected to have increased by 37% during May on a year-on-year basis, according to a news report. This is primarily because of the addition of new production plants of Lucky Cement (Luck) and Attock Cement Pakistan (ACPL).
According to Topline Securities analyst Nabeel Khursheed, the export dispatches are expected to remain over 400,000 tons during May. Exports through sea are also expected to increase by more than 100% during this month. The recent devaluation has helped this growth in export.
During July-May, cement dispatches are expected to record a 13% growth because of growing uptake of the commodity in the domestic market. Khursheed expects the construction activities to remain low during Ramazan, because of which cement dispatches can inch up to 2% annually to 3.789 million tons. With local demand going down, more is expected to be exported.
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