ISLAMABAD — The price of cement in the country descended by
Rs. 10-12 per bag to Rs. 418-420 per bag because of the decline in
construction activities of throughout the country.
Zaheer Ahmad, Stock analyst, said that the price decline was due to sluggish construction activities as most of the labor was hired for harvesting wheat. He further said that the cement is available in surplus amount at the industries and the industrialists want to cash them soon. He depicted that the decrease in cement prices is for a short period and it will again boost up to Rs. 430-432 per bag. He said as the government will increase budget allocation in public sector which will give rise to the construction activities. The exports to India are expected to rise because of the removal of non-tariff barriers (NTBs) between the two countries.
Zaheer Ahmad, Stock analyst, said that the price decline was due to sluggish construction activities as most of the labor was hired for harvesting wheat. He further said that the cement is available in surplus amount at the industries and the industrialists want to cash them soon. He depicted that the decrease in cement prices is for a short period and it will again boost up to Rs. 430-432 per bag. He said as the government will increase budget allocation in public sector which will give rise to the construction activities. The exports to India are expected to rise because of the removal of non-tariff barriers (NTBs) between the two countries.
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