Incentives Sought for $2.3 Billion Petrochemical Complex in Pakistan
Posted on July 07, 2008 at 01:00 AM EDT
BANGALORE, INDIA--July 7, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--The Economic Coordination Committee (ECC) of the government of Pakistan is expected to agree to an incentives package for the proposed $2.3 billion petrochemical facility to be developed at Port Qasim, Karachi. The proposal for incentives has been forwarded by the Ministry of Industries and Production to the ECC, which began discussions regarding the proposal at its July 1 meeting. Trans Polymers Limited (TPL), a subsidiary of U.K.-based Trans Polymers Holding Limited, is in discussion with foreign investors and has asked for incentives and tariff protection for the proposed petrochemical facility.