Highlighting the need for Pakistan to focus on non-traditional goods to export, the President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Mian Nasser Hyatt Maggo stated that the concept of producing energy from waste might soon be introduced in Pakistan.
On Tuesday, Nasser Hyatt Maggo, during a meeting with a delegation of the Pakistan Plastic Manufacturers Association, stated that the concept of waste recycling has been gaining momentum in Pakistan because of the industrial equipment provided by China. Other attendees of the meeting included FPCCI’s former president Zakaria Usman and current FPCCI vice president, Muhammad Athar Sultan Chawla.
He said “Pakistan’s exports are concentrated in only a few products and a handful of markets” adding that the country needs to diversify into the non-traditional goods’ market.
Despite the negative impact of the high taxes imposed on the Pakistan Plastic Manufacturers Association by the Federal Bureau of Revenue (FBR) and the Sindh Revenue Board, the association is playing its part by providing locally manufactured plastic to the international market.
The meeting ended on a positive note with a manifesto to establish a committee on to ease doing bussiness.
Last week, US Deputy Assistant Secretary of State for Pakistan Affairs Lesslie C Viguerie Monday called on Federal Minister for Energy Omar Ayub Khan and discussed matters related to the energy sector.
The minister gave an overview of Pakistan’s energy sector and the present government’s earnest endeavors in reforming it, a Petroleum Division news release said.
He said the incumbent government had finalized an Indicative Generation Capacity Expansion Plan (IGCEP)-2047 which emphasized on increasing the share of indigenous sources while reducing the reliance on imported fuel.
Omar Ayub said the IGCEP would forge massive addition of renewable capacity of 60 per cent power generation from biomass, solar and wind; 30 per cent from hydel and 10 per cent each from thermal and nuclear power plants.
The minister also highlighted that the government would induct renewable energy-based power plants through open and competitive bidding in a transparent manner.
He said the government would also encourage the transfer of technology in these projects, as it was focusing on manufacturing and assembly of wind turbines and solar panels in Pakistan.
Read more: A challenging time for E&P sector