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Since 2015, Engro Polymer & Chemicals (EPCL) has invested over $188 million in Plant expansion and other upgrade projects for higher efficiency, reliability, and diversification of operations.
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Significant investments to expand and improve the efficiency of domestic PVC production have created an opportunity for Pakistan to earn $300 million through the export of surplus volumes and products. Read More: propakistani.pk/2023/05/31/pak
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In 2021, EPCL enhanced its PVC capacity to 295,000 tons per annum, which is sufficient to fully cater to the local demand and achieve exports as well.
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The Company’s 2030 vision is to become a globally-competitive PVC producer, prioritizing exports, and increasing the domestic per capita PVC consumption to international levels.
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In the last two years, the Company exported surplus products worth USD 48 million to Turkiye and Middle Eastern markets, while import substitution of around $300 million contributed significantly toward solving Pakistan’s balance of payments situation.
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The downstream PVC industry can fully utilize its excess capacity and help in earning $300 million in valuable foreign exchange by standardizing and improving the quality of finished products.
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Golden opportunity, please do it asap 🙏🏻🙏🏻 Reportedly, Pakistan Steel Mills management is being pressurized to reinstate 5,300 employees retrenched in 2020 & 2021 These employees were given a golden shake & Rs13Bn in compensation (approx 2 years salary)
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Pakistan failed to receive any bids for delivery of six cargoes of liquified natural gas (LNG) in October and December in a sign that the country’s energy crisis may worsen this winter.
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Pakistan's PM Shehbaz Sharif has told diplomats that the currency market has been left to market forces, reports Express Tribune, meaning that its met a key IMF condition The market 👇
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