September 19, 2018 (MLN): On occasion of oath taking ceremony of the newly elected office bearers of All Pakistan Marble Industries Association (APMIA), President of Islamabad Chamber of Commerce & Industry (ICCI) Sheikh Amir Waheed highlighted APMIA’s potential to transform Pakistan into a fast growing economy.
He pointed out that promoting the exports of marble and granite products could substantially improve the outlook of Pakistan’s economy, given that all of Pakistan’s provinces possess huge deposits of marble and granite reserves.
However, the backward quarrying methods used by our marble industry holds back its performance. He added that due to these methods, the standard quarry wastage in Pakistan was up to 73% of the gross produce and the country was suffering huge losses on this account.
Pressing on this matter, he said that the government needs to extend support to the marble industry by introducing latest machinery and technology so that value added marble and granite could be produced and exported. He believes that billions of dollars could be brought to the country against exports of these marbles and granite.
Addressing the statistics, President ICCI informed that the global market for marbles and granite is estimated at around $62 billion but unfortunately, Pakistan’s share in this is less than 1%.
Adding on, he called upon the government to permit duty free import of marble machinery so that the marble industry could compete with the global market for marbles and enhance its exports.
As he emphasized on the abundant potential that the industry has, he informed that China imports raw marble and granite from Pakistan, processes then, adds value to them and then makes huge profits against them.
President Waheed pointed out that the quantum of marble and granite exports could increase considerably by establishing marble industrial parks in collaboration with China under CPEC. Industrial parks will bring cost effective cutting, blasting and finishing technology in Pakistan.
At the ceremony, Mian Gulzar Ahmed took oath as Chairman, Muhammad Bilal Khan as Senior Vice Chairman and Sheikh Iftikhar as Vice Chairman of All Pakistan Marble Industries Association.
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