Pakistan cement exports revenue continued their downward trend, with most of the 14.4 per cent YoY decline in 1HFY17 (July-December) due to two markets, South Africa and Afghanistan.
However, a slight consolation was continued strong demand from India which partially offset the declines witnessed in the two aforementioned markets, the country's Central Bank observed in its second quarterly report released on 31 March 2017.
Cement exports to Afghanistan and African countries (mainly South Africa) declined by a cumulative 402,000t during the first half of the current fiscal, whereas shipments to India rose by 295,000t in the same period.
