Karachi June 14 2022: The cement maker is in process to ship 50,000 tons of the building material to the US, CFO Inayat Ullah Niazi says in a text message.
The ship is currently loading cement at a Karachi port for delivery to Houston. This will help to lift Pakistan’s exports which were significantly hit during the current fiscal year.
According to the data released by All Pakistan Cement Manufacturers Association (APCMA), exports despatches suffered massive decline by 76.97 percent as the volumes reduced from 746,550 tons in May 2021 to 171,915 tons in May 2022.
Exports from North based mills massively declined by 64.42 percent as the quantities reduced from 203,625 tons in May 2021 to 72,450 tons in May 2022. Exports from South also reduced by 81.68 percent to 99,465 tons in May 2022 from 542,925 tons during the same month last year.
During the first eleven months of current fiscal year, exports declined by a massive 43.32 percent to 4.97 million tons from 8.77 million tons during July-May 2021.
