Cement Prices Rise in Pakistan

May 23, 2024Zayn0

In Pakistan, the retail cost of a bag of cement has gone up to Rs. 30. Cement companies in the northern region have reportedly raised prices by as much as Rs. 20–30 per bag to bring prices back to previous levels, according to JS Global.

Depending on the location, prices currently range from Rs. 1,220 to Rs. 1,280 per bag post-increase.  The All-Pakistan Cement Manufacturers Association (APCMA) released data showing that cement dispatches in Pakistan decreased 0.29 per cent YoY in April to reach 2.943 million tons (MTs) compared to 2.951 MTs in the same month last fiscal year.

Decline in Domestic Cement Dispatches 

According to data supplied by the All-Pakistan Cement Manufacturers Association (APCMA), Pakistan’s cement dispatches in April fell 0.29 per cent year over year to 2.943 million tons (MTs) as opposed to 2.951 MTs in the same month of the previous fiscal year. Local cement dispatches fell from 2.531 MT in April 2023 to 2.328 MT in April 2024, a 7.99 per cent decline.

Rise in Cement Exports 

In contrast, export dispatches increased by 45.96 percent while volumes increased from 420,857 tons in April 2023 to 614,264 tons in April 2024.

Factors Affecting the Price Increase 

There are several reasons for the rise in cement prices, including growing costs for energy, transportation, and raw materials. Due to the difficulties facing Pakistan’s cement industry, recent pricing modifications have been made to preserve profitability and guarantee the industry’s viability.

Effects on Infrastructure Development and Construction 

It is anticipated that Pakistan’s infrastructure development and building industries will be impacted by the increase in cement prices. Increased project expenses due to higher input costs could potentially slow down construction and have an adverse effect on overall economic growth.

Calls for Government Action 

Concerns about the cement price increase have been expressed by the public and industry participants, prompting calls for the government to step in and take the necessary action to stabilize the cement market and guarantee reasonable prices for consumers.

Conclusion

To sum up, the rise of cement costs in Pakistan presents difficulties for both the building industry and the country’s general economic progress. Finding a balanced solution that serves the interests of the sector and consumers equally needs a partnership of stakeholders and government engagement.

 

 

 

 

Zayn

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