Islamabad, October 11, 2021 (PPI-OT):Makhdoom Khusro Bakhtyar, Federal Minister for Industries and 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%.
For more information, contact:
Principal Information Officer,
Press Information Department (PID)
Tel: +92-51-9252323, +92-51-9252324
Fax: +92-51-9252325, +92-51-9252326
Email: [email protected]
Website: www.pid.gov.pk