The Role of Cement Industry in the Economic Development of Pakistan

The contribution of cement industry in the economic development can be measured by the value addition of the cement industry to Gross Domestic Product of the country, creation of employment opportunities, receipts from exports, tax payments, and the entire revenue generated by the cement industry. The cement industry of Pakistan is one of the major industries of Pakistan which have an enormous impact on the economic development of the country. The contribution of cement industry is very effective not for only the manufacturing sector but also for the entire economic development of Pakistan. The cement industry of Pakistan was once a very small industry but it rapidly grew with the passage of time and finally it entered in the export market. The cement industry contributes in the Gross Domestic Product (GDP), it creates employment opportunities for thousands of people and it creates huge revenue for the government in the form of taxes. It directly and indirectly contributes in the economic development of Pakistan. It also makes contribution in the development of its allies industries especially the transportation sector is largely benefited by it. The cement industry of Pakistan attracted not only domestic investors but also foreign investors