The All Pakistan Cement Manufacturers Association’s (APCMA) data states that the cement industry reported a monthly growth of 44.30 percent for the month of March, 2021—the highest it has ever been. This entails that domestic use and exports have gone up substantially, deeming the strategy of providing incentives to the sector successful as a result.
According to the information released, a total of 5.373 million tonnes of cement was dispatched in March alone. When compared to last year’s 3.722 million, this is an extraordinary achievement. Now, further improvement can come in the form of addressing and resolving the concerns of the APCMA members about access to cost-effective energy resources. Even consolidating gains at this point is important considering that the incentive strategy is still in its initial phase and the potential to reap dividends is high as the rate of exports has spiked tremendously. If the end goal of transforming this sector into one of the many profitable sectors of the economy is to be achieved, a greater focus must be placed when determining what step to take next.
Rising international trade ensures that there is a steady flow of revenue through which our government can embark upon developmental projects domestically. Harnessing almost twice the level of productivity, as in the case of the cement sector, must be encouraged across the board—especially sectors of the industry relating to construction raw materials. Through associating the raw material industry to the success of the cement industry, much more can be accomplished to improve our potential exports and economic standing as a whole.