KARACHI: Chairman Finance Committee of National Assembly has invited budget proposals from plastic manufacturers for the growth and betterment of plastic industry in Pakistan.
In this connection, committee has invited all stakeholders on this Wednesday in Islamabad for their input and proposals, told MNA Qaiser Ahmed Sheikh.
He said this during a visit to PakPlas 2017- The International Exhibition of Plastic Machinery, Equipment, Raw Material & Technology on its second day here at Expo Centre Karachi on Saturday.
The organizers said the Expo is being organized by Pakistan Plastic Manufacturers Association (PPMA). Second day expo got enthusiasm among business community.
Qaiser Ahmed Sheikh said the plastic is now involved in every matter and field of life. Polymer industry is very important and value added industry of Pakistan economy.
He was of the view the plastic industry is not getting the required support from government as compared to other sectors like textile industry that enjoys much better incentives.
In the world, China has secured first position in plastic industry, USA second and India is on third ranking.
Qaiser Ahmed Sheikh said his committee has made efforts to boost plastic industry in the country. He appreciated PPMA efforts for sparing its time and money for the benefit of the plastics business.
On second day of expo Deputy Mayor Karachi Arshad Vohra and Senator Haseeb Khan also paid visits and showed their keen interest in latest technology used in plastic industry worldwide.
Deputy Mayor Arshad Vohra said that 30-40 percent plastic is used in daily life and future will be more depended on plastics. Plastics are projected to be the fastest growing segment all over the world, he added.
Senator Haseeb Khan said the USA is earning 100 trillion dollars to 300 trillion dollars from plastic industry annually but we earn the least in the world. We should adopt concrete measures to bring plastic industry into mainstream, he opined.
Haseeb Khan said, in the past we used to import raw material from Saudi Arabia but organizing such expos foreign raw material producers are invited here in Pakistan which is very healthy and cost effective for local industry.
Patron-in-chief of PPMA Zakaria Usman announced the PPMA would arrange an expo soon in Lahore for Punjab industrialists.
On this occasion, Chairman PPMA Ehtesham Uddin highlighted exhibition features and informed the exhibition is divided into two halls one is for raw material producers from middle east, France, China, Oman and Taiwan while second hall is dedicated for machinery manufacturers from Korea, China, Malaysia, Taiwan etc.
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