Cement dispatches higher in FY12 – Alfalah Securities Limited

Karachi, July 05, 2012 (PPI-OT): As reported in the local newspaper, the dispatches of cement were recorded higher in FY12 as compared to last year.

According to Alfalah Securities Limited, the local dispatches increased by 8.84% to 23.947 million tons in FY12 while the export witnessed a drop of 9.12% to 8.568 million tons. The exports remained sluggish in FY12 despite opening of trade with India through Wagah Border where Pakistan only exported around 0.6 million tons to India. The input costs remained high due to rise in power costs, paper sack and gypsum prices which affected margins for the cement sector.