Pakistan's GDP growth rates have seen a steady increase over the past five years. our petrochemical industry has many phases of production of crude oil products. All kinds of investment banks and financial development institutions and investment funds are responsible for transferring money and capital flows in the country. Petrochemicals are chemical products from the processing of oil and gas

• Pakistan Styrene Butadiene Rubber Market
• Pakistan Acrylonitrile Butadiene Styrene Market
• Pakistan Polybutadiene Market
• Pakistan Nylon Market
• Pakistan resin Market
• Pakistan Polypropylene Market
• Pakistan Ethylene Market

Therefore, with a closer look at this issue, it can be understood that the production of polymers and granules in our petrochemical is very important. Currently, the largest imports of petrochemical industries are in the form of granules, because these products are not found naturally and must be produced. 

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In 1795, ethylene gas was called olefin gas. The first synthesis of ethylene gas compounds (dichlor and ethane) was performed in 1795 by a Dutch chemist. In the middle of the 19th century, because C2H4 had a lower hydrogen than C2H5 ethyl, suffixes (ene) of Greek origin were added to the end of ethyl, and after that olefin gas is called ethylene gas.

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Polypropylene has been able to replace engineering polymers and even metal parts in industrial applications due to its easy acceptance of high amounts of various fillers and reinforcements, and as a result, a wide market has been opened for it. In addition, alloying with other polymers has diversified the grades and applications of this polymer. polypropylene is used in:

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In general, the presence of the following properties makes styrene butadiene rubber superior to other similar materials.

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Pakistan Export LawsThere are no restrictions on exports to Pakistan and only exporters must register with the Pakistan Export Promotion Office and obtain an export registration number.

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Work already underway on new petrochemicals facility; project to come on stream by 2013 . Pakistan should have its first aromatics facility up and running by 2013, marking a new era for the country's petrochemical industry. Currently a net importer of Pakistan has no naphtha crackers or aromatics facilities. The new complex is being built by Byco Oil Pakistan Ltd. GROWTH for petrochemical products in Pakistan is expected to grow exponentially in the coming years. Greater stability would allow Pakistan to realize more of its potential for petrochemical consumption. "Pakistan has a population of 180m, and although it clearly has economic and political problems, it should be able to support this production over time," he said. A possible benefit may be that Lotte Pakistan PTA, which operates a 400,000 tonne/year unit, could rely less on imported material and buy domestically from BOPL. However, BOPL, with its 92,000 tonne/year PX capacity, would not be able to fulfil even half of Lotte Pakistan's PX demand.
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KARACHI: Reliance Petrochem Industries has secured a $145 million export order from Europe for petrochemicals made in Pakistan and already dispatched the first shipment. “First time in history ‘Made in Pakistan’ petrochemicals were launched in Barcelona Spain. We made this first export by bulk ship from Pakistan due to Prime Minister Imran Khan’s support and assistance by Custom authorities,” Jai Kumar at Reliance Petrochem said. He informed the bulk production of petrochemicals was underway at Reliance Petrochem using imported and indigenous raw material. Kumar informed Pakistan was importing these chemicals (white oil and textile oil) spending $150 million a year and since the Reliance started production of these goods, its import was reduced to only $3. He said India was the big exporter of these chemicals to Europe and Indian lobby was quite strong there, and they resisted Pakistan’s exports. Indians created an issue regarding the specifications of the Pakistani product. The Reliance Petrochem industries Private limited (RPIL) Karachi is pioneer producer and exporter of white textile oils and industrial petrochemicals in the country and importing basic inputs from Lu-beref-Saudi Aramco Saudi Arabia and Abu Dhabi National oil Company (ADNOC) UAE. The RPIL Pakistan invested in petrochemicals and provided import substitution and good export potential. The company catered 95% of the total requirement for white textile oils and petrochemicals by utilising indigenous local and imported raw materials and ensured foreign exchange savings through import substitutions and exports. The company entered in second phase and signed first contract of $155 million for the introduction of Pakistan origin white textile oils and petrochemicals in Europe and USA in January 2021 and shipped first consignment for Barcelona by bulk vessel in February 2021 and “Made in first consignment of Reliance white textile oils and petrochemicals were launched in Barcelona Spain on 25th May, 2021 and now RPIL is in the process of launching in California USA in July 2021 with the targets of exports of $215 million in 2022. Prime Minister Imran Khan said on Sunday that Pakistan will continue to achieve economic growth in the days to come as he termed the process gradual and one that would take time.
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Petrochemicals are chemical substances made primarily from coal, oil, and natural gas. Petrochemicals are considered feedstock, which is raw material used for processing or manufacturing another product. which are composed of hydrocarbons, encompass several chemicals. Petrochemicals are used to produce consumer products such as aspirin, detergents, shampoo, pesticides, milk jugs, gasoline, carpeting, synthetic fibers and rubbers, insulating materials, paints, polyester clothes, automobiles, and others. Examples of petrochemicals are described below: . Petrochemicals are produced primarily from liquefied natural gas and petroleum. At high temperatures, liquefied natural gas produces petrochemicals such as ethylene, propylene, butylenes, and butadiene. Crude oil produces similar chemicals as well as aromatic such as benzene. Petrochemical processing plants produce petrochemicals in the following . Petrochemicals are found in consumer products, including the . Proponents of petrochemicals argue that the industry is vital for creating consumer products, including electronics, vehicles, airplanes, aspirin, plastic containers, and more. In addition, proponents argue that the economic benefits of petrochemicals include lower prices for products and more higher-paying jobs in the industry. Opponents of petrochemicals argue that petrochemicals produce valuable products but that the use of petrochemicals has an immeasurable negative environmental impact. Some opponents argue that the petrochemicals used in plastic plates, plastic containers, and other packaging could contain potential carcinogens that leach into food or liquids at high temperatures. The Sierra Club, an environmental advocacy group, argued in 2016 that several animals die by consuming plastics containing specific petrochemicals and that some products made with petrochemicals are not biodegradable and thus remain in the environment or oceans.
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ISLAMABAD: Chinese companies are ready to invest $15 billion in Pakistan’s petrochemical industry at the port of Gwadar, the investment promotion agency of Pakistan said on Sunday. Located in the southwestern province of Balochistan, Gwadar is at the heart of China-Pakistan Economic Corridor (CPEC) infrastructure projects that began in 2013. “Chinese companies would invest in the petrochemical sector in Gwadar, including the project of energy pipeline from Gwadar to China,” Board of Investment (BOI) secretary Fareena Mazhar told the state-run Associated Press of Pakistan. She added that talks related to the projects were underway, as BOI is working on 50 reforms to create a conducive investment environment and improve the ease of doing business in Pakistan. Chinese business leaders met Prime Minister Imran Khan in Islamabad last week and reposed their confidence in Pakistan’s “policy support and security,” months after a blast killed nine Chinese nationals working on a CPEC project in northwestern Pakistan. ” Last month, Interior Minister Sheikh Rashid Ahmed announced Pakistan was formulating a strategy to improve the security of Chinese nationals and companies operating in the country. CPEC has seen Beijing’s pledge over $60 billion for energy and infrastructure projects in Pakistan, central to China’s wider Belt and Road Initiative (BRI) to develop land and sea trade routes in Asia and beyond. KARACHI: Ace leg-spinner Yasir Shah will miss Pakistan’s two-match Test series in Bangladesh due to a thumb injury, the country’s cricket selectors said Monday. The 35-year-old, who has been a match-winner for Pakistan since 2014, taking 235 wickets in 46 Tests, was injured in September. Pakistan will play three Twenty20 internationals in Dhaka on November 19, 21 and 22 before the two Tests in Chittagong (26-30 November) and Dhaka (4-8 December). “Bangladesh are strong side in their backyard but we have the resources, talent and experience to perform strongly and then carry that momentum into the Australia Tests, which will be in Pakistan next year,” said Wasim. Pakistan Test squad: Babar Azam (captain), Mohammad Rizwan, Abdullah Shafique, Abid Ali, Azhar Ali, Bilal Asif, Faheem Ashraf, Fawad Alam, Hasan Ali, Imam-ul-Haq, Kamran Ghulam, Mohammad Abbas, Mohammad Nawaz, Naseem Shah, Nauman Ali, Sajid Khan, Sarfaraz Ahmed, Saud Shakeel, Shaheen Shah Afridi, Zahid Mahmood. ISLAMABAD: Saudi Arabia on Monday handed over two mosques in Khyber Pakhtunkhwa (KP) and Azad Jammu Kashmir (AJK) as a “gift” to the people of Pakistan, the Saudi ambassador to Islamabad said. “These two holy mosques, one in Mansehra and other in Muzaffarabad, were built by the government of Kingdom of Saudi Arabia as a gift to the people of Pakistan,” Saudi Ambassador to Pakistan Nawaf bin Said Al-Malki told Arab News on the sidelines of the handing over ceremony in Islamabad. ” Saudi Arabia wants a strong and prosperous Pakistan, and has always stood with it through thick and thin, Ambassador Al-Malki said, noting the $3 billion deposit and $1. Pakistan’s religious affairs minister Noor ul Haq Qadri said this “gift” was a clear manifestation of Pakistan’s longstanding historical, spiritual and religious relations with Saudi Arabia. “On behalf of the government and people of Pakistan, I am thankful for this kind act of the Saudi leadership,” Qadri told Arab News, adding that these mosques were built by the Saudi government on the request of local people as no such big mosques were left in these areas after the 2005 earthquake. Qadri expressed hopes for an early revival of Umrah pilgrimage for Pakistani people. “I have spoken with the ambassador for the revival of Umrah for Pakistani people and he gave me a good news that the kingdom will allow Pakistanis to perform the pilgrimage very soon. ISLAMABAD: Pakistan’s opposition announced on Monday that it would challenge reforms proposed by the government about the use of electronic voting machines and granting autonomy to the central bank among others in the Supreme Court. The 11-party Pakistan Democratic Movement alliance has been opposing the bill for the use of e-voting machines, which the government says is vital to free and fair elections in the country. Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif was also part of the meeting, along with heads of other opposition parties. The PDM said it had discussed the draft bills regarding the National Accountability Bureau (NAB), State Bank of Pakistan, and e-voting machines and other electoral reforms in detail, and a steering committee would finalise suggestions in this regard by November 22. “The meeting expressed resolve to move forward with a robust strategy and clarity of mind to steer Pakistan and the public out of the crises,” the statement added. DHAKA: Pakistan Mohammad Rizwan said Monday he was feeling well after a spell in intensive care for a chest infection and would begin training for a series in Bangladesh. He finished the tournament with 281 runs, the third-highest among all batsmen, despite missing out on the final after Pakistan's heartbreaking five-wicket loss to the eventual winners. Rizwan, who scored 1,743 runs in all Twenty20s in 2021, also a calendar year record, now has the chance to add a few more runs to his tally as Pakistan take on Bangladesh in a three-match series starting on Friday in Dhaka. ISLAMABAD: Pakistan's Planning Minister Asad Umar on Monday urged Chinese investors to explore more investment opportunities in industrial, agricultural and information technology areas, under the umbrella of China-Pakistan Economic Corridor (CPEC), the Pakistani planning ministry said. Umar was presiding over a meeting of of Chinese companies working in Pakistan, which was hosted by Pakistan's CPEC Authority. CPEC has seen Beijing pledge over $60 billion for infrastructure projects in Pakistan, central to China’s wider Belt and Road Initiative (BRI) to develop land and sea trade routes in Asia and beyond. "Due to the special relationship between Pakistan and China, the Government and people of Pakistan would wish to see much greater investment from China," Umar told the attendees, soliciting their support in attracting more foreign direct investment from China. collaboration would be a hallmark of this phase of CPEC," Mansoor was quoted as saying by the Pakistan planning ministry. The Chinese ambassador appreciated the event which brought together all Chinese companies working in Pakistan. He said Chinese enterprises would work closely with the CPEC Authority to increase their business and investment activities in Pakistan. CEOs of different Chinese firms also presented their ideas and suggestions for the consideration of the Pakistani government.
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February 4, 2019: The government should focus on inviting investment in petroleum refining and petrochemicals industries to cut oil import bill and enhance exports by towing the line of industrially developed countries which utilized petro-chemical industry as the core building block of their economies. It was observed by a US-based chemical industry expert Syed S Hasnain in his recent study, conducted for Pakistan Chemical Manufacturers Association (PCMA) to assess needs of the chemical industry in Pakistan, according to Iqbal Kidwai, PCMA Secretary General and Chief Operating Officer, on Monday. The report finds that petroleum products and petrochemicals over last 25-30 years have continued to play a vital role in building a stronger and prosperous economies across the globe, being engine of economic growth for and rapid urbanization. The report is confident that Pakistan can also bring industrial revolution by focusing on development of chemical manufacturing industry. Despite its importance, Pakistan regretfully has inadequate refining capacity.   Besides, the country lacks any naphtha cracker for producing petrochemicals thus rely entirely on imports for meeting domestic demand. Pakistan's import bill on petroleum products and petrochemicals runs into $12-14 billion annually as about 75 per cent of country's demand is met through imports. This is the largest component in Pakistan's import bill that would continue to rise in coming years due to the demand growth and likely outage of some refining capacity amid safety issues. Kidwai said specific concerns against refinery investments may have been raised by certain elements who could have vested interest in seeing continuation of imports into Pakistan, clarifying that such contention is naïve and incorrect not only from the economic standpoint but also from the strategic viewpoint. He asserted convincingly with that building a large and modern refinery complex is in Pakistan's own interest as it would provide a solid industrial base and necessary infrastructure that will trigger economic activity and help in developing other allied industries and small businesses, like they were developed in China, India, Malaysia, South Korea, Thailand and Vietnam where huge investments in refining and petrochemicals supported these countries in attaining prosperity and impressive economic growth. Jun Kuncoro Hadiningrat has said that Indonesia wants to further develop trade and economic relations with Pakistan by boosting cooperation between the business communities and encouraging linkages between the youth of both the brotherly countries. Exchanging views at a meeting during his visit to the Karachi Chamber of Commerce & Industry (KCCI), the Indonesia CG said that Indonesia was also keen to promote cooperation in the IT sector hence, a webinar titled IT Updates – The Development and Challenges” was organized recently under the auspices of Indonesian Consulate which was a big breakthrough in which the IT experts from both sides stressed the need to promote digital economy between the two countries. Indonesian Consul General stated that Free Trade Agreement (FTA) between Indonesia and Pakistan when materialized will certainly be a great initiative and advised the business community of KCCI to enlist the products that have the potential to increase the bilateral trade. The Indonesian CG also highlighted the importance of education cooperation as one of the instruments in promoting bilateral relations between Indonesia and Pakistan, especially in terms of contact so that they could understand each other’s culture. He was of the opinion that cooperation between Indonesian and Pakistani universities will pave the way for more inclusive bilateral relations in the academia and education sectors of both countries. To foster relations between Indonesian and Pakistani youths that focus on culture, education, tourism, exchange programs, the Indonesian Consulate has recently launched the first Youth Forum (IPYF). He said that Indonesia lays special emphasis on improving trade and investment ties with the business community of Karachi keeping in view the huge contribution to the national exchequer and the key role being played by this city in the economic development of Pakistan. Earlier President KCCI Muhammad Idrees, while welcoming the Indonesian CG, pointed out that the bilateral trade was in favor of Indonesia during 2020, Pakistan exported goods worth $195 million while the imports increased to $2. In order to improve Pakistan Indonesia Trade, he recommended that both countries should focus on exchanging commodities like maize, wheat, flour, rice, tobacco, fresh fruits, nuts, ready-made garments, finished and semi-finished leather, fish and fish products, cotton fabrics, surgical goods etc. He also noted that Indonesia intends to invest in power projects and oil and gas exploration as well which will facilitate Pakistan to learn from Indonesian expertise in producing electricity through coal. “We firmly believe that Indonesia along with the ASEAN countries is a huge market with great potential for Pakistani products and the businessmen should focus on these countries to enhance trade and exports”, he said, adding that CPEC can also attract foreign investment and all regional countries including Indonesia would certainly benefit from this promising project. Inviting the Indonesian business community to visit Pakistan to see the possibilities and opportunities available here, he asked the Indonesian CG to ensure the Indonesia business community’s participation in Karachi Chamber’s My Karachi Exhibition which was likely to be staged in the first quarter of next year probably in January 2022 as the coronavirus situation has significantly improved. Pakistan's petroleum sector also had to contend with large foreign exchange risks.
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