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As an effort towards providing
environment-friendly solutions for plastics to
the community, LPIL is planning to enter into
the production of oxo-biodegradable plastics.
For this matter, we are looking for partners who
are working in this field and would like to join
hands with us to initiate a pilot project
for the same. Interested parties are welcome to
contact us.
Why
invest in Pakistan?
-
Pakistan’s plastic industry is fast expanding at
an average annual growth rate of 15%; the reason
being simplified tax policy on domestic
production and decrease in import tariff on the
raw material.
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There is substantial growth potential in
Pakistan due to its tremendous geographical
location as it is going to be an energy hub in
the region and would serve as a corridor for the
international supply routes of energy to the
Caspian Sea region including the landlocked
Central Asian states for transporting their
still untapped natural resources to the world
markets. Gwadar, on the southwestern coast of
Pakistan, has got strategic position between
three increasingly important regions of the
world: the oil-rich Middle East, heavily
populated South Asia and the resource-rich
Central Asia. The interaction of all these three
regions is possible through Pakistan only and if
China is added to it we are talking of half of
the population of the world where Pakistan is
the focal point. A deep-sea water port at Gwadar
is being constructed along with road and rail
links to Central Asia and western China in order
to facilitate trade and economic links between
Central Asia and South Asia.
-
Pakistan achieved a record growth rate of 8.4
per cent in 2005 which is second only to China,
among the ten most populous countries in the
world. Moreover, investment-friendly environment
has been ensured by liberalizing trade and
removing restrictions and bureaucratic controls
over investment. The World Bank has also
upgraded Pakistan’s position in its latest
“Doing Business in South Asia, 2007” report
(comparing business regulations in 175 countries
relative to the South Asian Region); placing the
country at position 74, higher than positions
of: Bangladesh, 88; Sri Lanka, 89; Nepal, 100;
India, 134; Bhutan, 138; and Afghanistan, 162.
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The ongoing Indo-Pak peace process has had a
positive impact on the orientation of Southeast
Asian nations towards closer relations with the
countries of South Asia and therefore a lot of
interest has been generated among the
prospecting investors of Southeast Asia to
participate in joint ventures and business deals
with business communities of Pakistan.
For further information regarding Pakistan’s
economy and business environment, the following
URLs can be accessed:
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http://www.engineeringpakistan.com
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http://www.pakboi.gov.pk
- “Prospects of Chemical Industry in Pakistan”
http://www.pakistan.gov.pk/divisions/industriesandproductiondivision/media/chemicalindustry.pdf
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http://www.presidentofpakistan.gov.pk/TopReasons2Invest.aspx
- “China's New Growth Challenger is Pakistan”
http://quote.bloomberg.com/apps/news?pid=10000039&refer=columnist_mukherjee&sid=aiSFuvMKI2Gw
-
http://www.statpak.gov.pk
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