The cement industry is one of the most important industries for real estate and infrastructure development. The sector has an economic impact on local economic indicators like employment and revenue generation. Amid the pandemic, global cement consumption declined across most regions.
In Pakistan, the cement industry holds significance as it is vital for much needed economic development in the country. All construction activities and infrastructural development carried out along multiple allied sectors that include steel, wood and tiles are directly influenced by the cement sector.
The Pakistani cement sector consists of 19 companies, of which 16 are operational, in Punjab, KPK, and AJK. Overall economic growth, development projects like China Pakistan Economic Corridor (CPEC), Naya Pakistan Housing Program (NPHP), and other government subsidized infrastructure projects drive growth in the cement sector. Pakistan’s cement consumption is around 182 kgs against a global average of 500 kg. The global average is more than double, which shows the immense potential for growth in cement demand.