According to a report by Pakistan’s leading brokerage house, AKD Securities, cement industry has posted modest growth on higher exports. Cement dispatches reached 45.29 million tons in FY24, an increase of 2%YoY. The growth was primarily driven by higher export volumes, while domestic sales fell to a seven-year low of 33.2 million tons, down by 5%YoY.

The decline in the local sales was mainly attributed to a slowdown in construction activities due to elevated construction costs, higher inflation, and record interest rates. Meanwhile, exports witnessed a 56% annual growth to 7.11 million tons. South region played a........

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