Homegrown revival

Six months into FY26, Pakistan’s cement industry shows a steady recovery, with total offtake rising 10 percent year-on-year. Domestic demand is driving the growth, as dispatches climbed 14 percent, while exports continue to shrink, pulling their share down to 18 percent. Capacity utilization remains subdued at just above 54 percent, reflecting the industry’s structural overhang. Even as total volumes grow, they remain below historical peaks. Overall, the sector is stabilizing on firmer ground, led by a revival in homegrown demand.