High taxes lead to 25.68% decline in cement sales
LAHORE: Unprecedented tax hikes on cement led to a significant drop in demand, with cement shipments down 25.68% in August 2024. According to the All Pakistan Cement Manufacturers Association (APCMA), total cement shipments in August 2024 was 3.366 million tons, down from 4.528 million tons in the same month last year. Domestic cement shipments fell 27.54%, from 3.798 million tonnes in August 2023 to 2.752 million tonnes in August 2024. Export shipments also fell 16%, with volumes falling from 730,755 tonnes last year to 613 tons this year in August8. Cement plants in the North saw a 22.20% drop in


