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Pakistan Chemical Forum to organise exhibition from March 4

06:13 PM | 23 Feb, 2024
Pakistan Chemical Forum to organise exhibition from March 4

LAHORE – A mega exhibition called the "Pakistan Chemical Forum" will run for three days from March 4th to March 6th, 2024. The event will be held at the International Expo Centre Lahore and will be organised by B2B Media Private Limited and the Pakistan Chemistry Council. 

This exhibition will serve as the most significant trade platform where more than 250 foreign delegates will showcase chemicals, raw materials, plants & machinery, analytical equipment and finished products.

The show aims to provide a platform for Industry-academic linkage and enhance Pakistan's exports in general, as well as build the image of the country at an international level. The President of LCCI, the Regional Chairman of FPCCI, and the Provincial Minister will be chief guests at the inaugural ceremony on March 4.

Zaki Aijaz, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Regional chairman, and Moazzam Rasheed, the organizer of the Pakistan Chemical Forum, briefed the media about the event's details and responded to queries from journalists on Thursday.

They said inconsistent policies, unprecedented increases in energy prices, unrealistic taxation and high policy rates are significant challenges faced by the chemical sector. To a question, they informed that the huge difference in volumes of imports and exports of chemicals is alarming. Pakistan imports chemicals worth $35 billion, while exports are only $3.5 billion. The sector has enormous potential that should be utilized adequately for bridging the trade deficit. "The prudent way forward is import substitution through local production, optimum utilization of natural resources, and value addition, the FPCCI heads explained.

Moazzam Rasheed shared details of the mega event. He said the 10th Pakistan Coating Show will deal in Coatings, Paints, Inks, Sealants, Construction chemicals, and Surface finishes, with an estimated revenue of $50 billion and an export volume of $19 million.

The 3rd PAKCHEM Expo will deal with speciality and commodity chemicals, Petrochemicals, and Allied Industries, with an estimated revenue of $20 billion and an export volume of $1.15 billion. The 4th Pakistan Polyurethane Expo deals in foam, Construction, Footwear, Insulation, Appliances, and Flexible and Rigid Applications, with an estimated revenue of $6.73 billion and an export volume of $96.2 million. Moreover. the 5th PAKLAB Expo deals in total lab solutions, including Analytical Instruments, Consumables, Testing services, and furniture, with an estimated revenue of $1 billion and an export volume of $407 million.

The exhibition will feature a vast range of products from local and foreign companies from various sectors, including Paint, footwear, construction, sealants, and total lab solution providers for analytical instruments. There will be 350 stalls displaying these products. Seminars and conferences will also be part of this show, where participants can attend presentations of crucial personnel from industry and academia. Workshops and training in the front will help the professional and student bodies enhance skills through learning, knowledge sharing, capacity building, and interactive sessions. A ChemSMART will also be part of this expo, where new graduates can present their innovative ideas to business leaders in the relevant field.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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