Domestic consumption of cement increased by a whopping 37.3 percent in January 2018 on year-on-year basis as the construction activities continued to lead the economy.
According to the data released by All Pakistan Cement Manufacturers’ Association in Lahore, the present growth momentum in cement sector is expected to continue and absorb the upcoming production capacities of around 15 million tons in next three to four years.
Cement consumption in North zone was 3.018 million tons and surged by 41.68 percent in January 2018 compared to same month last year, which led the domestic growth.
The consumption in the Southern zone of the country are also robust being 0.719 million tons compared with 0.591 million tons during the corresponding month of last fiscal.
The growth in domestic consumption of cement during the first seven months of this fiscal 2017-18 was 20.17 percent.