Lahore
Chemical industry is the 3rd fastest growing industry in the world. According to a thoughtful estimate, more than 70 thousand products are produced with the use of different types of chemicals, and its volume in the global market is close to 6 trillion dollars.
In order to create awareness about the developments and opportunities in the chemical sector, PCMA is organizing it’s second two-day B2B mega event, “PAKISTAN CHEMICAL EXPO 2023” with the theme of Creating New Bonds on February 7th and 8th at Expo Center, Lahore.
Domestic and international chemical manufacturers and related stakeholders including traders, technology providers, equipment suppliers and logistic partners, and others shall be exhibiting their products and services in PCE 2023.
These views were expressed by senior members of Pakistan Chemical Manufacturers Association Haroon Ali Khan, Khalid Pervaiz, Qazi Khalid, Zafar Mehmood, Mansoor Javaid along with other officials while addressing the press conference.
Haroon Ali Khan said that PCE 2023 is envisaged to boost business networking and collaboration efforts that may convert into new business avenues, over 15 reputed international speakers/experts shall share the current trends, strategies & opportunities within the chemical industry.
He added that by utilizing the growth opportunities in this sector and reducing the chemical imports, not only the economy of the country can be supported but also the imbalance in foreign payments can be improved.
But for all this, an integrated chemical policy with the consultation of all stake holders is a dire need.
Khalid Pervaiz and Zafar Mehmood said that the Pakistan Chemical Industry has a market of 20 Billion dollars and providing direct and indirect employment to 6 hundred thousand people. But despite the importance of the chemical industry, it has not yet been fully exploited in Pakistan. Pakistan’s chemical industry is currently importing raw materials of more than 10 billion dollars, which surrounds 30 percent of our import bill.
From this volume it can be estimated that if Pakistan’s chemical industry is facilitated and an integrated chemical policy is implemented at the government level, the trade deficit can be significantly reduced.
PCMA members urges the government to take steps for uninterrupted supply of electricity and gas, provide facilities for the installation of naphtha cracking plants like Thailand and Singapore, formulate a comprehensive chemical policy in consultation to all stake holders, make arrangements for timely import of raw material and establish a separate business park on 2 to 3 thousand acres for the all chemical related industries.
