Our staff reporter

Lahore

The cement export to India, in July 2015, has dropped by around 32 percent to 43,000 ton against 63,000 ton of the same month last year. While exports to Afghanistan declined to 178,000 Tons during July 2015 compared to 184,000 tons of corresponding period of 2014

According to figures of All Pakistan Cement Manufacturers Association, export sector continued to disappoint the industry. Exports from North zone were 274,000 Tons while exports from South zone were 192,000 Tons. In July 2014 the cement exports from North were 295,000 Tons and from South were 208,000 Tons.

Overall exports during July 2015 were 465,000 Tons against 503,000 Tons during July, 14 showing reduction of 7.45%.

The APCMA Spokesman said that major decline was observed in exports to India mainly because of non-tariff barriers erected by the Indian authorities and influx of Iranian cement in Afghanistan. He said the government policy on exports needs revamping to boost exports. He said smuggling of cement through porous Pak-Iran border possess a continuous threat for the cement industry.

The Spokesman added that All Pakistan Cement Manufacturers’ Association has expressed reservations on various tax measures announced in federal budget 2015-16 that would hurt investors’ sentiments in general and will particularly burden cement consumers in the country. These issues in particular are related to 3% Super tax, amendments introduced in Section 8 of the sales Tax Act, 1990 for input tax adjustment and increase in import duty on coal from 1% to 5%.