ISLAMABAD : The first ten months of this fiscal year have witnessed 21.3 million tonnes of cement industry dispatches in local market, showing a growth of 2.7 per cent as compared to same period last year. The overall situation during the period showed a growth of 1.17 per cent as compared to the same period of the last fiscal year, as total dispatches increased to 27.986 million tonnes against 27.664 million tonnes from July 2012 to April 2013. Cement manufacturers sources on Sunday said the cement dispatched touched an all-time high of 3.21 million tonnes during April, raising the industry hoped of a long-awaited turnaround.
The sector has achieved capacity utilization of 75.23 per cent during the first 10 months of the current fiscal year that is the highest level achieved during the last five years and it is expected that it will increased to 80 per cent by end of June 2014.
The sources said the exuberance in the sector is based on some encouraging revival in the construction sector and public sector development programmes and added the cement industry is playing a vital role in socio-economic development to promote the export and create employment opportunities to skilled and unskilled manpower.