Updated on
Summary Cement prices in the north have been reduced by PKR5-10 per bag.
The decrease in price during last week is attributable to seasonal decline in dispatches owing to intense rainfalls in southern region hindering construction and transportation activities.Recall, average cement prices in northern region during same period last year were also slashed by PKR10/bag to PKR410/bag owing to heavy rainfall. However, prices were again reverted back to PKR420/bag on account of robust demand in month of October.On the other hand, the declining trend of cement exports continues to worry Pakistani manufacturers as cement exports to Afghanistan have plummeted by 10 percent annually, owing to availability of cheaper Iranian cement there.The industry said that the energy crisis and constant hike in petroleum products have made its product uncompetitive even in the neighbouring country, the main purchaser of cement from Pakistan.
