Lahore: Pakistan Coating Association (PCA) General Secretary (retired) Colonel Qamar on Monday (October 4) asked the government to recognise the coating (paint) sector as an export-oriented industry, news sources reported. He said that the decision will boost the industry and will take the current USD 100 million exports of Pakistan to USD 1 billion in limited time.
Mr Qamar said that currently, Afghanistan is the major export partner of Pakistan, with an annual business of USD 100 million and it needs further enhancement given the current export ban on the products. However, by designating an export-oriented industry status and giving it access to European and African markets, the coating sector’s share in export will increase in a short time. Moreover, he said that there are over 200 groups that are involved in various raw materials manufacturing that includes paint, coating resins, adhesives, inks, powder coating, surface finishing, construction chemicals, industrial and protective coatings, raw material and machinery manufacturers and allied industries.
All these industries employ thousands of people with an annual turnover of PKR 100 billion. He said that incentivising the sector would lead to more business and employment.
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