Govt to announce incentives for Chemical Industry

Govt to announce incentives for Chemical Industry

The government is actively considering announcing a special package for the Chemical industry to support local production of chemicals. This was revealed by Federal Science and Technology Minister Chaudhry Fawad Hussain while talking to a delegation of Sialkot Chamber of Commerce and Industry (SCCI) in Islamabad.

Pakistan is importing Chemicals amounting to US 2.3 billion dollars for industrial use for different purposes. If these chemicals are produced locally the pressure on the national exchequer would be significantly reduced.

The federal minister said that the production of chemicals in Pakistan, technology transfer would play a vital role in boosting the Economy. China is ready to help Pakistan in terms of transfer of technology

He stressed upon the industrial sector to guide the government in preparing the list of different chemicals imported and used by the industrial sector of the country.

SCCI President Muhammad Ashraf Malik while talking at the occasion said that  the govt should help set up an accredited material testing laboratory in Pakistan because the export industry lacked an internationally acclaimed material testing laboratory for highly value-added sectors like metal, textile garments and leather garments and wear. In the absence of laboratory, exporters have to sending their samples abroad for testing and certification to be accepted worldwide.