Cement Sales Slump 14.79% in January reflecting economy slow down.
Cement Slump Slams Pakistan: Sales Plunge 14.79% in January. Where’s the Fix?
Pakistan’s construction industry faces a rough patch. New data reveals a 14.79% CRATER in cement sales for January 2024, compared to the same period last year.
Read More: Cement Prices Drop Across Pakistan
Here’s the breakdown:
- Domestic sales: 17.30% nosedive to 2.967 million tons, down from 3.588 million tons.
- Exports: Shining light! A 6.82% increase to 446,595 tons, offering a glimmer of hope.
But what’s causing this slump? Experts point to:
- Higher construction costs: Winter slowdown and rising material prices are putting a damper on projects.
- Tightened credit: Higher interest rates make it harder for developers to access funding.
- Policy uncertainty: Investors are waiting for clearer signals from the government before committing to new projects.
What’s next? The industry needs:
- Stimulus measures: Government action to boost demand and revive the construction sector.
- Policy clarity: Transparent, pro-business policies to attract investment.
- Infrastructure focus: Increased spending on infrastructure projects to create demand for cement. ️
Stay tuned for more updates! Will Pakistan’s cement industry bounce back, or is this a sign of deeper economic woes?
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