Pakistan: Local cement despatches are projected to decline by 4% year-on-year to 2.98Mt in March 2026, based on sales of 2.13Mt recorded in the first 24 days of the month, which included a three-day Eid period with no sales activity. On a month-on-month basis, local despatches are expected to fall by 14%, mainly due to seasonal slowdown during Ramadan and Eid holidays. In contrast, exports in March 2026 are forecast to rise by 10% year-on-year, supported by increased sea-based shipments from southern producers, while northern exports remain affected by border disruptions.
Total cement sales for March 2026 are expected to reach around 3.65Mt, representing a 2% year-on-year decline and a 13% month-on-month decline. However, total cement sales for the first nine months of the 2026 financial year are projected to reach 38.4Mt, up by 10% year-on-year, driven largely by domestic demand. Cement capacity utilisation in March 2026 is estimated at 52%, compared to 60% in February 2026 and 53% in March 2025.
