Inside Financial Markets

Pakistan to build country’s first Naphtha Cracker Complex

In an unprecedented development to boost the economy, Pakistan is set to build the country’s first ever Naphtha Cracker Complex (NCC), a state-of-the-art “grand infrastructure” to change petrochemical raw substances into value-added products ranging from construction, home décor, appliances, furniture, medical care, paints, cleaning stuff and top of the line military gadgets.

The absence of a naphtha cracker complex means Pakistan has to buy all petrochemical feedstock from international market that take heavy toll on import bill and prices of long range of items.

India has nine naphtha cracker complexes providing it tremendous mileage in industrial and economic progress.

The creation of this complex will revolutionise the industrial landscape.

The game-changing development came after an 18-member delegation of Pakistan Chemical Manufacturing Association (PCMA) met recently with Federal Minister for Planning, Development and Reforms in his office, Islamabad where NCC was announced to be built to catalyse the economic progress.

Acknowledging NCC as a strategic need, Minister suggested PCMA to prepare feasibility report and viable business plan in consultation with market experts and technologists to help ministry to make it a reality.

NCC will have an impactful role in all industrial zones to be placed along the route of China-Pakistan Economic Corridor (CPEC), it was said at the meeting.

Baqar Hussain

A Wannabe CFO, just had stepped in the corporate sector, willing to explore every aspect here and learn as mush as i can, awareness for those who dont, get the info where ever possible and stay up to date always.

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