New Polyethylene plant under consideration in Pakistan

16-Nov-05
A UK based company plans to establish a Polyethylene Plant at Karachi at an initial investment of US$480 million. Catering to the domestic market, this plant will help in saving valuable foreign exchange used for import of polyethylene. Continuity of economic policies has aided Pakistan's progress, being reflected in all key macroeconomic indicators: 60% ($1.52 billion) increase recorded in FDI during last financial year 8.4% GDP growth Exports improved to US $14.41 billion Forex reserves increased to US$12.61 billion.
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