LAHORE - The cement dispatches to domestic markets during the month of August 2014 were 1.95 million tons compared with 1.57 million tons during same month of last year, showing an increase of 23.65 per cent.

Monthly statistics issued by the All Pakistan Cement Manufacturers Association here on Friday revealed that exports during August were 828,000 million tons against 677,000 during August 2013, showing a rise of 22.25 per cent. Total dispatches during the period were 2.77 million tons compared to 2.254 million tons during same month last year, showing increase of 23.22 percent.

Domestic dispatches in north increased from 1.316 million tons in August 2013 to 1.650 million tons in August 2014. Similarly, exports from this region increased from 437,917 tons last August to 502,845 tons in August 2014.

According to the data, domestic consumption of cement in South was 261,938 tons last August that has increased to 300,271 tons in the corresponding month of this year.

The APCMA spokesperson said that in the first two months of this fiscal the local consumption stood at 3.681 million tons which was 7.35 percent higher than last year volume of 3.429 million tons.

He further said that domestic consumption was negative in July 2014 but the increase in consumption in August 2014 not only compensated the decline but resulted in higher overall consumption. He said exports suffered a decline of 32 percent in July 2014 and even after increase of over 22 percent in exports during August 2014 the overall exports in the first two months of this fiscal declined by 6.72 percent to 1.331 million tons from 1,426 million tons during same period of last fiscal.