The Impact of Cement Manufacturing on Economic Development of Pakistan: The Analysis of Cement Industry

International Journal of Research (IJR), Vol. 2, Issue 2, February 2015

16 Pages Posted: 6 May 2015

See all articles by Najabat Ali

Najabat Ali

JIANGSU UNIVERSITY

Abbas Jaffar

Donghua University

Muhammad Anwer

Huazhong University of Science & Techlonogy

Muhammad Anjum

University of Science and Technology of China (USTC) - School of Management

Muhammad Raja

University of Shanghai for Science and Technology

Mohammad Haider

Donghua University

Adil Hussain

University of Shanghai for Science and Technology

Ming Xu

Donghua University

Date Written: 2014

Abstract

This paper investigates to explain that Cement Industry is an important component of Economic sector in Pakistan which has a substantial impact on the financial stability and economic development in the country. The cement production was a small industry in the early days of Pakistan but with the passage of time, it grew with a very good pace. At present, it has turned into an important industry in the country by contributing to employment in labour force, urbanization, modernization and foreign reserves. In the recent era, Pakistan cement industry entered into the export market after fulfilling the domestic demand of cement. Although cement industry has many challenges in Pakistan due to various political, economic and law and order situations but this sector has still performed brilliantly during the last two decades. The worst challenges faced by this industry include law and order issue, unstable political conditions, energy crises and ignorance of public sector. This industry’s energy cost comprises between 50 to 60 percent of the total Cost of Goods Sold. The unfavorable law and order situation, particularly in the northern part of the country resulted in the stagnant domestic demand of cement for several years. Despite of all the challenges the cement industry has faced, this sector is still contributing in the economic development of Pakistan significantly which proves it a key of Pakistan’s economy.

Keywords: Cement Industry, Consumption Rate, Economic Development, Pakistan Economy, Production

Suggested Citation

Ali, Najabat and Jaffar, Abbas and Anwer, Muhammad and Anjum, Muhammad and Raja, Muhammad and Haider, Mohammad and Hussain, Adil and Xu, Ming, The Impact of Cement Manufacturing on Economic Development of Pakistan: The Analysis of Cement Industry (2014). International Journal of Research (IJR), Vol. 2, Issue 2, February 2015, Available at SSRN: https://ssrn.com/abstract=2600430

Najabat Ali (Contact Author)

JIANGSU UNIVERSITY ( email )

Jiangsu University
Zhenjiang, CA
China
212013 (Fax)

Abbas Jaffar

Donghua University ( email )

Shanghai 200051
China

Muhammad Anwer

Huazhong University of Science & Techlonogy ( email )

No.1037 Luoyu Road, Wuhan, P.B.430074, P.R. CHINA
HUST
Wuhan, Hubie 0086
China
13125138875 (Phone)

HOME PAGE: http://ssrn.com/author=2391580

Muhammad Anjum

University of Science and Technology of China (USTC) - School of Management ( email )

China

Muhammad Raja

University of Shanghai for Science and Technology ( email )

Shanghai 200072
China

Mohammad Haider

Donghua University ( email )

Shanghai 200051
China

Adil Hussain

University of Shanghai for Science and Technology ( email )

Shanghai 200072
China

Ming Xu

Donghua University ( email )

Shanghai 200051
China

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