Paint Market Asserts Possibility to Boost National Exports
According to news sources, Pakistan Coating Association (PCA) General Secretary (retired) Colonel Qamar requested that the government recognise the coating (paint) sector as an export-oriented industry in Lahore. He stated that the decision will stimulate the industry and quickly increase Pakistan’s exports from the current $100 million to $1 billion.
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Mr. Qamar stated that Afghanistan is currently Pakistan’s largest export partner, with an annual business volume of USD 100 million, and that it must be expanded given the current export ban on the products. However, by designating the coatings industry as an export-oriented industry and granting it access to European and African markets, the coatings industry’s export share will increase rapidly.
In addition, he stated that over 200 organisations are involved in the production of various raw materials, such as paint, coating resins, adhesives, inks, powder coating, surface finishing, construction chemicals, industrial and protective coatings, raw material and machinery manufacturers, and allied industries.
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All of these industries employ thousands of people and generate 100 billion PKR annually. According to him, incentivizing the industry would increase business and employment.
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