Dada Pota Show of 06-12-2018. The only program of business and economy in Pakistan.
Asad Umar Railway Increase Ticket Fare Cement Political Economy Dada Pota Show 06-12-2018
Dada Pota Show 06-12-2018 based on Asad Umar Railway Increase Ticket Fare Cement Political Economy.
Today, Dada G shared his opinion on important news that Pakistan Railways increases ticket fare by 19 percent & Cement sales fall 7.1 percent on construction slowdown.
Cement sales fell 7.13 percent year-on-year to 3.337 million tons in November as its demand decreased on slowdown in construction and development activities, industry data showed on Tuesday. All Pakistan Cement Manufacturer Association’s (APCMA) data showed that local cement dispatches were recorded at 3.593 million tons in the corresponding month a year earlier. Cement exports, however, increased 61.33 percent year-on-year to 0.563 million tons in November, owing to fall in rupee value against the US dollar. Total cement offtakes stood at 3.899 million tons in November, down one percent compared with 3.941 million tons during the previous month. Analysts said cement industry registered negative growth as economic activities slowed down due to unfavourable policies of the present government for the construction industry. Growth momentum maintained for the five years has now come to halt due to stagnant domestic consumption despite exports picking up from southern part due to massive rupee devaluation, the analysts added. The northern region that catered to Afghanistan and Indian markets has not benefited from rupee depreciation because of political reasons. The factories located in the northern region dispatched 2.871 million tons of cement in November compared with 3.245 million tons in November last year. Local cement dispatches from the region were down to 2.632 million tons from 2.967 million tons. North-based mills also faced decrease in exports to 0.239 million tons in November from 0.278 million tons.
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