Latest news with #PakistanChemicalManufacturersAssociation
Business Recorder
26-06-2025
- Business
- Business Recorder
Govt recognises importance of chemical industry: minister
KARACHI: Provincial Minister of Industries and Commerce Jam Ikramullah Dharejo has said that the Sindh government fully recognised the importance of the chemical industry and committed to creating an enabling environment through progressive trade policies, ease-of-doing-business reforms, and targeted incentives. Inaugurating the Pakistan Chemical Expo 2025, organised by Chairman of Pakistan Chemical Manufacturers Association (PCMA) at Expo Centre here, he said that the chemical industry was viewed not only as a pillar of production but also as a potential engine for exports. He emphasised that the development of this sector should be the top priority for the government, adding that the government envisions Pakistan emerging as a regional as well as a global hub for chemical manufacturing. He said: 'the chemical industry is at the heart of modern manufacturing, from textiles and pharmaceuticals to agriculture and energy'. Secretary Industries and Commerce Muhammad Yasin Shar Baloch was also present. However, Haroon Ali Khan, Chairman of Pakistan Chemical Manufacturers Association (PCMA) emphasised the critical role of the chemical industry in Pakistan's economic growth, job creation, and export development. He underlined the Expo as a strategic initiative by PCMA to bridge the gap between industry, academia, and global markets while encouraging policy support and sustainable industrial practices. Copyright Business Recorder, 2025
Business Recorder
24-06-2025
- Business
- Business Recorder
All set for ‘Pakistan Chemical Expo'
KARACHI: The Pakistan Chemical Manufacturers Association (PCMA) has formally announced the staging of the Pakistan Chemical Expo 2025, a landmark event set to be held on June 25 and 26, 2025, at the Karachi Expo Centre. The announcement was made during a press conference here on Monday, where senior representatives from PCMA and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) highlighted the significance of the upcoming event for the country's industrial and economic future. Addressing the media, Chairman PCMA Haroon Ali Khan described the expo as a major milestone for Pakistan's rapidly expanding chemical industry, calling it a dynamic platform to connect local and international stakeholders, industry leaders, investors, suppliers, and innovators. 'This expo reflects PCMA's commitment to positioning Pakistan as a competitive force in the global chemical economy. We believe it will catalyze new partnerships, enhance industrial innovation, and help advance our national chemical strategy,' he remarked. The event aims to showcase the full spectrum of Pakistan's chemical value chain, including petrochemicals, specialty chemicals, agrochemicals, pharmaceuticals, plastics, and allied sectors. It is expected to attract a diverse range of exhibitors and participants from both domestic and international markets, offering unparalleled opportunities for networking, investment exploration, knowledge-sharing, and technology exchange. Speaking on the occasion, President FPCCI Atif Ikram Sheikh emphasized the strategic importance of the chemical sector in Pakistan's economic landscape. He noted that if developed efficiently, the sector has the potential to substantially reduce the country's import bill and improve export competitiveness. 'This expo is not just an exhibition — it's a movement for industrial self-reliance, innovation, and sustainable growth,' he added. Senior Vice President FPCCI Saquib Fayyaz Magoon also addressed the gathering, underlining the PCMA's efforts to draw international attention to Pakistan's vast potential in the chemical industry. 'Our objective is to provide local manufacturers with a gateway to new markets, modern technologies, and valuable partnerships that can drive growth and innovation within the sector,' he stated. The two-day event will feature B2B matchmaking sessions, panel discussions, technical seminars, product exhibitions, and policy dialogues, designed to foster collaboration among chemical producers, regulatory authorities, research institutions, and investors. Organizers hope the expo will serve as a catalyst for both local and foreign investments, supporting Pakistan's drive toward industrial modernization and economic diversification. Copyright Business Recorder, 2025
Business Recorder
13-06-2025
- Business
- Business Recorder
Chemical-makers for structural reforms, forward-looking policy framework
LAHORE: The Pakistan Chemical Manufacturers Association (PCMA) has formally expressed its observations regarding the Federal Budget 2025–26, calling for comprehensive structural reforms and a forward-looking policy framework to strengthen Pakistan's $16 billion chemical sector — a critical enabler of all manufacturing sectors including textiles, leather, Plastics, pharmaceuticals, agriculture, and packaging. PCMA Chairman Haroon Ali Khan, in his official statement, acknowledged positive budgetary like intent to revive Large Scale Manufacturing, taking notice of misuse of tax incentives for FATA/PATA which is adversely hurting the legitimate manufacturing business and elimination of ACDs. However, he expressed deep concern over the lack of a coherent policy framework for the chemical industry, noting that high energy costs, prolonged GST refund delays, excessive tax burden on legitimate businesses, frequent changes in Policy and misuse of Export Facilitating Scheme are deeply hurting the domestic industries providing raw materials to export oriented sectors such as textile chemicals, leather chemicals & resins etc. These impediments continue to hinder growth. He further added that elimination of 5th Schedule by 2030 will have devastating effects on local industry, especially Chemicals. The Association also expressed alarm over the expanded discretionary powers granted to the Federal Board of Revenue (FBR). Haroon Ali Khan emphasized the need for digital reforms and taxpayer facilitation before enforcing coercive measures that could harm business confidence. PCMA also urges the government to officially designate the chemical industry as a 'strategic sector', ensuring preferential land and utility access, and to establish a one-window platform for environmental and licensing approvals, along with national R&D support programmes. Copyright Business Recorder, 2025
