AIRLINK 76.15 Increased By ▲ 1.75 (2.35%)
BOP 4.86 Decreased By ▼ -0.09 (-1.82%)
CNERGY 4.31 Decreased By ▼ -0.03 (-0.69%)
DFML 46.65 Increased By ▲ 1.92 (4.29%)
DGKC 89.25 Increased By ▲ 1.98 (2.27%)
FCCL 23.48 Increased By ▲ 0.58 (2.53%)
FFBL 33.36 Increased By ▲ 1.71 (5.4%)
FFL 9.35 Decreased By ▼ -0.01 (-0.11%)
GGL 10.10 No Change ▼ 0.00 (0%)
HASCOL 6.66 Decreased By ▼ -0.11 (-1.62%)
HBL 113.77 Increased By ▲ 0.17 (0.15%)
HUBC 143.90 Increased By ▲ 3.75 (2.68%)
HUMNL 11.85 Decreased By ▼ -0.06 (-0.5%)
KEL 4.99 Increased By ▲ 0.12 (2.46%)
KOSM 4.40 No Change ▼ 0.00 (0%)
MLCF 38.50 Increased By ▲ 0.10 (0.26%)
OGDC 133.70 Increased By ▲ 0.90 (0.68%)
PAEL 25.39 Increased By ▲ 0.94 (3.84%)
PIBTL 6.75 Increased By ▲ 0.22 (3.37%)
PPL 120.01 Increased By ▲ 0.37 (0.31%)
PRL 26.16 Increased By ▲ 0.28 (1.08%)
PTC 13.89 Increased By ▲ 0.14 (1.02%)
SEARL 57.50 Increased By ▲ 0.25 (0.44%)
SNGP 66.30 Decreased By ▼ -0.10 (-0.15%)
SSGC 10.10 Decreased By ▼ -0.05 (-0.49%)
TELE 8.10 Increased By ▲ 0.15 (1.89%)
TPLP 10.61 Decreased By ▼ -0.03 (-0.28%)
TRG 62.80 Increased By ▲ 1.14 (1.85%)
UNITY 26.95 Increased By ▲ 0.32 (1.2%)
WTL 1.34 Decreased By ▼ -0.02 (-1.47%)
BR100 7,958 Increased By 122.7 (1.57%)
BR30 25,727 Increased By 396.8 (1.57%)
KSE100 75,878 Increased By 1000.4 (1.34%)
KSE30 24,343 Increased By 355.2 (1.48%)
Pakistan Print 2020-04-07

PCMA for exempting chemical industry from Section 144

The chemical industry has urged the provincial governments of Punjab and Sindh to exempt chemical manufacturing units from Section-144, otherwise production of over 23 essential items including exportable products of textile, garments and leather industri
Published 07 Apr, 2020 12:00am

The chemical industry has urged the provincial governments of Punjab and Sindh to exempt chemical manufacturing units from Section-144, otherwise production of over 23 essential items including exportable products of textile, garments and leather industries would be stopped.
Pakistan Chemical Manufacturers Association (PCMA) Chairman Abrar Ahmad in a letter to the home secretaries of Punjab and Sind have said that chemical industry is contributing Rs35 billion in the form of taxes and US $12 billion in national GDP and it is also providing 400,000 jobs with an income multiplier of 4.2 and with job multiplies of 7.8.
He claimed that almost all the industries are dependent upon chemical industry for input chemicals to produce their products. He said the association has identified about 23 essential products which would not be produced if chemical industry does not resume operation to make input-chemicals for them.
These industries include food, pharma, soap, detergents, fertilizers, pesticides, construction, power plants, water treatment plants, export oriented industries like textile, garments, cotton gloves, allied fabrics knitted & woven dyed, home care, body care, health care, sanitizers, hand wash, shampoos, laundry soap, laundry detergent powders and leather industry.
Currently, chemical manufacturers have huge orders piled up from the forward linkage industries, but unfortunately the chemical industry has not been included in the industries whose operations are exempted from enforcement of Section 144.

Copyright Business Recorder, 2020

Comments

Comments are closed.