Industry status

Plastic recycling sector seeks industry status

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday urged the government to grant industry status to the plastic recycling sector, which is considered a green industry across the world, to derive maximum benefit from it. ‘advantages.

LAHORE, (UrduPoint/Pakistan Point News – September 13, 2022): The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday urged the government to grant industry status to the plastic recycling sector, considered a green industry around the world, to reap maximum benefits.

Speaking to representatives of the Polymer Waste Recycling and Importers Association (PWIRA) here at the FPCCI Regional Office, FPCCI Regional Chairman Muhammad Nadeem Qureshi said that the plastic recycling industry has significant importance in all countries.

During the meeting, the PWIRA delegation pointed out that the plastic recycling industry has pledged a US$1 billion substitution with recyclables, on the condition that the government gives full support to the plastic recycling industry. . They called on the government to facilitate the import of cheaper alternative recyclable materials that reduced business/manufacturing cost and electricity consumption by 30%, in addition to increasing green substitution to enter the lucrative market international exports.

Qureshi assured the delegation of FPCCI’s full cooperation in resolving their issues and said that Pakistan’s plastic recycling industry employs over one million people in its ecosystem, including over 200,000 waste pickers in the recovery phase. plastic collection and in the sorting, recycling and upstream phase, where it was finished. goods are produced such as polyester garments/textiles, flooring, automobiles, footwear, agricultural products, packaging and many more.

He said the recycling industry is considered a green industry across the world and supported by their respective governments through incentives and benefits in the form of rebates, green loans and tax incentives, etc. .

Nadeem Qureshi said that plastic recycling and sustainability are directly linked to a clean environment and that this industry has great potential. The government should take appropriate measures to address the issues as there is a great opportunity for exports of value-added finished products and Pakistan should take advantage of it, he concluded.

PWIARA was represented by FPCCI Standing Committee Head Atif Mughal, Deputy Head Asif Sarwar and former PWIARA President Muhammad Asif.