KARACHI: Pakistan is set to start exporting cement to the US for the first time ever. DG Khan Cement Company (DGKC), the country’s largest cement manufacturer, has brokered a deal with the US to supply 0.6 million tonnes of cement.
The country’s cement producers were previously exporting cement to India, Afghanistan, and a few African countries only. With the US emerging as a new trade partner for Pakistan in the cement industry, this deal is set to open up new avenues for trade.
DGKC is currently in the process of loading cement on a US-bound ship at Karachi port for a delivery to Houston, Texas. The first consignment consists of 50,000 metric tonnes of cement.
Exporting cement to the US will significantly benefit the country’s export receipts, allowing the country to stabilise its Balance of Payment (BoP) to some extent. Exports for this commodity have previously been on a decline as May 2022 saw a massive decrease of 76.97 percent to 171,915 tonnes, compared to 746,550 tonnes in May 2021.
Overall, in the first 11 months of the current fiscal year, both domestic and international cement dispatches totalled to 47.62 million tonnes – a decline of 8.8 percent compared to the previous fiscal year. With more dispatches to the US expected in the future, the country’s cement industry may see a rise in the international market.
As Milan’s real estate boom starts to stabilize, investors are increasingly looking toward Rome as…
Dubai’s skyline is set to welcome a new icon as Azizi Developments launches global sales…
The federal government is considering removing the Federal Excise Duty (FED) on the transfer of…
Under the patronage of Minister of Housing and New Urban Communities Sherif El-Sherbiny and Minister…
The Capital Development Authority (CDA) has scheduled an open auction for commercial plots at Jinnah…
The capital city of Pakistan is gearing up for a grand celebration as Interior Minister…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
