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Pakistan cement exports to India rise by 80 in FY 2016-17

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Pakistan cement exports to India rise by 80 in FY 2016-17

Karachi: Exports of cement from Pakistan to India have registered a growth of 79.34 percent during 7 months of the current fiscal year – July 2016 to January 2017 – but dispatches to Afghanistan suffered by 10.88 percent. Exports by sea also declined by 19.23 percent, data released by All Pakistan Cement Manufacturers Association shows. The factors contributing to a…

Karachi: Exports of cement from Pakistan to India have registered a growth of 79.34 percent during 7 months of the current fiscal year – July 2016 to January 2017 – but dispatches to Afghanistan suffered by 10.88 percent.

Exports by sea also declined by 19.23 percent, data released by All Pakistan Cement Manufacturers Association shows.

The factors contributing to a decline in exports include increase in fuel prices and other input cost, and the most damaging was the barriers erected by the countries we export to, such as anti-dumping duty imposed by South Africa to protect its local industry.

Moreover, in India in order to discourage imports, the tariff is around 19 percent including 3 percent education cess to promote education in the country, which makes it difficult to compete with their local manufacturers and other exporting countries which have lesser input cost, a spokesman of the association said.