PID

PR No.88
Islamabad: October 11, 2021

Makhdoom Khusro Bakhtyar, Federal Minister for Industries & Production, met with the senior leadership of Petrochemical industry to discuss a possible Petrochemical Policy framework. The industry has shown lot of interest towards further development in this sector thereby contributing significantly to national exchequer, help resolve balance of payment and GDP growth. The petrochemical industry delegation was led by Ghias Khan, CEO Engro Corp, and senior leadership from Lotte, Tufail Chemicals, Gatron and ICI. Under this policy framework, project announcement of over US$3B within next 18-24 months (Engro US$:1.5-1.8B) is foreseen. The investments in the proposed petrochemical policy will increase the Investment to GDP ratio by 1%.

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PR No.88 Islamabad: October 11, 2021

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PR No.88
Islamabad: October 11, 2021