LAHORE: As per the data released by All Pakistan Cement Manufacturers Association (APCMA), total sales increased from 3.5 million to 4.9 million, indicating an increase of 40.4 percent. However, the month-on-month sales decreased by 8 percent due to the Ramzan slowdown.
According to the statistics, local sales and exports of cement saw a double digit growth in April in comparison to last year when the country was in lockdown. Local cement sales increased by 24.3 percent; the sales jumped from 3.2 million tons to 4.06 million tons.
As per the APCMA data, the total cement sales were 5.37 million tons in March 2020 while they declined to 4.56 million tons in March in 2021. This is the result of reduced commercial activity due to Ramzan and Covid-19.
According to analyst Shankar Talreja at Karachi-based Topline Research, the month-on-month sales in April plummeted due to slowdown of economic activity in the month of Ramzan.
For more news, visit Graana.com
