The Pakistan Chemical Manufacturers’ Association (PCMA) has emerged as one of the biggest success stories of Prime Minister Mian Muhammad Shehbaz Sharif’s recent official visit to China (31st August – 4th September 2025).
At the Pakistan–China B2B Investment Conference held in Beijing on 4th September, over USD 8.5 billion worth of MoUs and joint ventures were signed across various sectors. Among them, PCMA played a pivotal role, successfully attracting USD 2.5 billion in Chinese investment for Pakistan’s chemical and petrochemical industry.
Key Highlights of PCMA’s Achievement
- 16-member strong delegation: PCMA represented Pakistan’s leading chemical companies at the Beijing conference.
- USD 2.5 billion secured: Dedicated to chemicals and related infrastructure projects.
- Largest single MoU worth USD 1.9 billion: Signed by International Industrial Park Limited (IIPL) for the creation of a state-of-the-art industrial zone, with a specialized cluster for chemical manufacturing.
- Strategic industrial growth: This zone will lay the foundation for Pakistan’s petrochemical value chain, reducing reliance on imports and strengthening local manufacturing capacity.
PCMA’s success aligns directly with Pakistan’s CPEC 2.0 strategy, which emphasizes industrial relocation, value-added manufacturing, and infrastructure development. By securing USD 2.5 billion, PCMA has positioned the chemical sector as a driver of economic growth and industrial modernization.
This investment will:
- Boost industrial self-reliance by strengthening the petrochemical backbone.
- Create thousands of direct and indirect jobs.
- Enhance Pakistan’s export competitiveness by building capacity in high-demand chemical products.
- Support downstream industries, including textiles, pharmaceuticals, plastics, and agricultural inputs.
PM Shehbaz and his Chinese counterpart reaffirmed to work together in a meeting that the former termed “most productive”.
