Observer Report
Karachi
The cement sector posted a growth of 4.19% in sales during November 2020 compared to the same month last year. This was the lowest monthly growth in current fiscal year after a double-digit rise in September and October 2020. According to the All Pakistan Cement Manufacturers Association (APCMA), total cement dispatches during November 2020 were recorded at 4.51 million tons, an increase of 4.19% against 4.33 million tons in November 2019. However, the sales were lower when compared with 5.74 million tons sold in October 2020. The domestic off-take of cement in November 2020 rose 6.29% to 3.74 million tons compared to 3.52 million tons in November 2019.
