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Packages Limited's history goes back to 1954, when during a visit to Sweden, Syed Babar Ali proposed a partnership with Akerlund & Rausing, a leading Swedish packaging firm, to establish a manufacturing facility in Pakistan for paper, cardboard, cellophane, and plastic film packaging. [6]
The plastics industry manufactures polymer materials—commonly called plastics—and offers services in plastics important to a range of industries, including packaging, building and construction, electronics, aerospace, manufacturing and transportation.
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion.
Besides, the business also has a production capacity of 630 tons per day of dense ash (Na 2 CO 3.H 2 O), which is an essential raw material for glass making, and 160 tons per day of Refined Sodium Bicarbonate. [9] ICI Pakistan's soda ash business caters to approximately 70% of the country's total soda ash requirement.
In 1970, the Pakistan Industrial Development Corporation (PIDC) a program to supply government agencies with packaging materials for food grain storage. [2] At the time, the jute industry relied heavily on raw jute imports from Bangladesh. Today, Pakistan's jute mills are fully equipped with spinning, weaving, and finishing facilities for ...
Cnergyico Pk Limited is the largest oil refiner with a total installed capacity of 156,000 barrels per day. [9] Pakistan's first gas field was the giant gas field at Sui in Balochistan which was discovered in the late 1952. [10] Pakistan is also a major producer of bituminous coal, sub-bituminous coal and lignite.
In August 2007, Pakistan started exporting cement to India to fill in the shortage there caused by the building boom. [8] Russia is a growing market for Pakistani exporters. In 2009/2010 the export target of Pakistan was US$20 billion. [9] As of April 2015, Pakistan's exports stand at US$29 billion.
On 3 January 2012, the FDA ordered 35 manufacturers of these mesh products to study the side effects of these devices. Due to the outbreak of the COVID-19 pandemic in 2020, the demand for PP has increased significantly because it is a vital raw material for producing meltblown fabric, which is in turn the raw material for producing facial masks.