Finance HomeInternational
Pakistan starts exporting cement to India
Thursday, January 31, 2008 14:29 [IST]

Islamabad: Bilateral trade between India and Pakistan has taken a significant step forward with at least five Pakistani companies approved by the Bureau of Indian Standards (BIS) starting to export cement to India while five more manufacturers have applied for certification.

"A total of 11 cement companies have been cleared by the BIS and four more have applied to get approval for export," Shahzad Ahmed, secretary of All Pakistan Cement Manufacturers Association (APCMA), told IANS.

He said five companies have started export of cement through the sea and rail routes. Ahmed added that at present no company is sending cement by road, though both governments in Pakistan and India have given approval for it.

"But according to the bilateral agreement between two governments, only a truck of ten tonnes can cross the border, which is not viable in case of cement," Ahmed said, adding that they have requested the governments to allow trucks that can carry more.

At present Pakistan produces about 100,000 tonnes of cement and 40,000 tonnes of it is in excess of local consumption. "We have surplus cement which we need to export and our factories have more production capacity," said Ahmed.


Source : IANS

 Post Your Feedback   
Name
Email ID
Comments
 Other Features
News today
Press Releases
Stock Research
Market Tools
Print this page
Mail this page
Archives

  
More Finance News
BSE to alter its transaction fee
Intel pays $1.25 bn to settle a...
Firefox celebrates five years
Google to buy AdMob for $750 mn
New norms of SEBI
Worst is over- Mahindra Satyam
Wanna know corporate secrets?
A doller story through doller's...
Indian trader bamboozles Aussie...
Indian economy will expand by March...
Now, what happned Sirjee?
India to wind-down fiscal stimulus:...
US,China joining hands: beware...
Nano used-car premiums fizzling out
RBI buys 200 metric tonnes gold...
Park to replace Hyundai chief
Wills Lifestyle to tweak...
US stock sin by almost 3pct.
Oil prices sink
Kingfisher Airlines posts loss of...
Wipro net profit up 19 percent in...

    WORTH A CLICK
  Sarees
Baby Clothes
Jewellery
Bluetooth Headsets
Health & Fitness