PHOTO: REUTERS
With 8.94 million tons unutilised capacity, cement manufacturers are perturbed over unchecked ingress of Iranian cement that is consistently eating up the local industry’s share while the government’s revenue collection efforts are also being affected, said a spokesman of the All Pakistan Cement Manufacturers Association (APCMA).
The association appealed to the government functionaries to intervene and take effective steps to stop illegal import of Iranian cement and protect the local cement industry by including cement in the negative list of import items so that the country’s surplus production capacity can be utilised to the maximum extent. “This will help to increase the economic growth and will also curb malpractices,” he added.
He said that domestic uptake of cement continued to depict positive trends increasing by 7.9% during the first 10 months of this fiscal while the exports declined by 9.09% .
Published in The Express Tribune, May 6th, 2015.
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