KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmed Vohra has urged the government to extend maximum facilities and incentives to the plastic industry to give a boost to this high potential sector.
Vohra, who belongs to plastic sector, said that the machinery and equipment are being purchased from Italy, China and Iran at very high prices that badly discourages the growth of the important economic sector.
He also demanded for availability of plastic raw material at lower prices, especially after a big reduction in petroleum prices in the international market.
At present, he said, the plastic industry in the country is in a serious crisis, and it deserves a special support from the government.
He called for effective steps to check smuggling of plastic goods from Iran that have created serious problems for the local plastic industry.
On the agreement between world powers and Iran on nuclear non-proliferation, the KCCI president highly appreciated the historic move. Pakistan would benefit a lot by becoming a main trade and investment partner with Iran, he said, adding that both the countries would take advantage of each other’s vast natural resources.
Pakistan would be importing especially petroleum products, steel and chemicals from Iran which would cost the country very low. Whereas, many items mainly the home textile would be exported there as a big market is going to open, he added.
“By land route via Iran, we can reach up to Europe. Now, the focus in the world is to have access from end-to-end,” KCCI President Iftikhar Ahmed Vohra commented.
