{"id":12688,"date":"2023-03-08T15:57:26","date_gmt":"2023-03-08T10:57:26","guid":{"rendered":"https:\/\/propakistani.pk\/proproperty\/?p=12688"},"modified":"2023-03-08T15:57:26","modified_gmt":"2023-03-08T10:57:26","slug":"pakistan-cement-industry-faces-decrease-in-demand-amid-economic-uncertainty","status":"publish","type":"post","link":"https:\/\/propakistani.pk\/proproperty\/pakistan-cement-industry-faces-decrease-in-demand-amid-economic-uncertainty\/","title":{"rendered":"Pakistan Cement Industry Faces Decrease in Demand amid Economic Uncertainty"},"content":{"rendered":"<p>KARACHI: The All-Pakistan Cement Manufacturers Association (APCMA) has reported a decline in cement demand in February and eight-month fiscal year 2023 (8MFY23), with local sales dropping by 9% and 13.4%, respectively.<\/p>\n<p>The decrease in demand is attributed to a slowdown in construction and uncertain economic conditions.<\/p>\n<p>According to APCMA, the total cement dispatched in February was 4.040 million tonnes, a 7% decrease from the previous year. Local sales dropped from 3.943 million tonnes in February 2022 to 3.590 million tonnes this year. However, exports increased by 11% from 405,489 tonnes to 449,940 tonnes.<\/p>\n<p>For the 8MFY23, the total cement despatches were 29.81 million tonnes, a decline of 16.65% compared to the same period last year. Domestic sales dropped from 31.416 million tonnes to 27.207 million tonnes.<\/p>\n<p>An APCMA official, who requested anonymity, highlighted that the economic situation has worsened, posing operational problems for the industry.<\/p>\n<div style=\"clear:both; margin-top:0em; margin-bottom:1em;\"><a href=\"https:\/\/propakistani.pk\/proproperty\/abad-asks-govt-to-withdraw-duties-on-steel-scrap-to-support-construction-industry\/\" target=\"_blank\" rel=\"dofollow\" class=\"u3c7524da23e0b24fab3171b30b8b3e3a\"><style> .u3c7524da23e0b24fab3171b30b8b3e3a { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#2C3E50; border:0!important; border-left:4px solid #F1C40F!important; text-decoration:none; } .u3c7524da23e0b24fab3171b30b8b3e3a:active, .u3c7524da23e0b24fab3171b30b8b3e3a:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u3c7524da23e0b24fab3171b30b8b3e3a { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u3c7524da23e0b24fab3171b30b8b3e3a .ctaText { font-weight:bold; color:#F1C40F; text-decoration:none; font-size: 16px; } .u3c7524da23e0b24fab3171b30b8b3e3a .postTitle { color:#eaeaea; text-decoration: underline!important; font-size: 16px; } .u3c7524da23e0b24fab3171b30b8b3e3a:hover .postTitle { text-decoration: underline!important; } <\/style><div style=\"padding-left:1em; padding-right:1em;\"><span class=\"ctaText\">ALSO READ<\/span>&nbsp; <span class=\"postTitle\">ABAD Asks Govt to Withdraw duties on Steel Scrap to Support Construction Industry<\/span><\/div><\/a><\/div>\n<p>The official emphasized the need for timely delivery of spare parts and consumables to ensure stable operations in the construction industry.<\/p>\n<p>The spokesperson also urged the government to introduce industry-friendly policies to help the industry recover from the current situation.<\/p>\n<p>Additionally, the industry is calling for measures to support infrastructure development, including a reduction in taxes and duties on building materials, and to provide incentives to promote affordable housing and real estate development.<\/p>\n<p>The cement industry is a key contributor to Pakistan&#8217;s economy, and the decline in demand and sales could have a significant impact on the industry and the country&#8217;s economic growth.<\/p>\n<p>Furthermore, the APCMA is calling on the government to take urgent steps to support the industry and promote investment and growth in the construction sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: The All-Pakistan Cement Manufacturers Association (APCMA) has reported a decline in cement demand in February and eight-month fiscal year 2023 (8MFY23), with local sales dropping by 9% and 13.4%, respectively. The decrease in demand is attributed to a slowdown in construction and uncertain economic conditions. According to APCMA, the total cement dispatched in February was 4.040 million tonnes, a 7% decrease from the previous year. Local sales dropped from\u2026<\/p>\n","protected":false},"author":2,"featured_media":8878,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-12688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"img_urls":{"thumbnail":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/01\/Cement-Industry.jpg",1000,560,false],"medium":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/01\/Cement-Industry.jpg",1000,560,false],"full":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/01\/Cement-Industry.jpg",1000,560,false]},"author_name":"Nazzir Zaidi","categories_name":["News"],"title_text":"Pakistan Cement Industry Faces Decrease in Demand amid Economic Uncertainty","related_stories":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts?filter&per_page=4&categories=5&exclude=12688","_links":{"self":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/12688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/comments?post=12688"}],"version-history":[{"count":0,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/12688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media\/8878"}],"wp:attachment":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media?parent=12688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/categories?post=12688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/tags?post=12688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}