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ISLAMABAD, Jun 03 (APP):A delegation from Engro Polymer and Chemicals Limited on Tuesday met with Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan and discussed pressing issues affecting the industry.
The discussions centered around regulatory duties, tariff policies, protection of the local industry, and the impacts these factors have on the sector’s overall health, said a news release.
During the meeting, Engro Polymer highlighted several challenges, including high electricity prices, costly raw materials, increased PVC imports, and the ongoing tariff war.
To address these concerns and support domestic manufacturers, the delegation requested the imposition of a regulatory duty of 5 to 10 percent on PVC imports.
Haroon Akhtar Khan acknowledged the difficulties faced by local industries, affirming his awareness that the sector is already under significant strain.
He assured the delegation that the government is committed to preventing any decline within the industrial landscape.
Highlighting Prime Minister Shehbaz Sharif’s vision, he emphasized the importance of boosting productivity across Pakistan’s industries.
However, he stressed the need for a comprehensive and detailed report explaining the rationale behind seeking protection for the industry.
He further directed the Engro Polymer that, in collaboration with the Engineering Development Board, a cost disadvantage analysis be prepared.
This report should also include an assessment of the volume-related losses currently impacting the industry, providing a clear picture of the challenges to be addressed.