Pakistan's cement sector enters volume-led upcycle

PSX Update • Sep 21, 2026

Pakistan’s cement sector is making a definitive transition away from an earnings phase previously driven by cost-containment measures and price adjustments, entering a multi-year, volume-led demand recovery.

September 21, 2026 (MLN):   Pakistan’s cement sector is making a definitive transition away from an earnings phase previously driven by cost-containment measures and price adjustments, entering a multi-year, volume-led demand recovery. Underpinned by falling borrowing costs, easing inflationary pressures, and targeted fiscal incentives for construction, local cement dispatches surged 10% year-over-year in FY26...