The cement production in Pakistan turns to optimism

Pakistan Disp3Q FY2023 1

Not an easy year in Pakistan’s cement industry. After 2 quarters this calendar year with almost 2-digit decline YoY, the production increased in the 3.Q 2023 by +23.1% YoY to 11.845 Mt. While in 2023 the cement dispatch is with 34.665 Mt still -1.1% behind the production in the first 3 quarters of 2022, we forecast a production production increase for 2023.