ICI Pakistan Limited

as rock salt and limestone; two key raw materials for manufacturingsoda ash were available here in abundance.

ICI Businesses:

Today, ICI Pakistan’s five businesses,

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Polyester

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Soda Ash

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Paints

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Chemicals

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Life Sciences

These include, Polyester Staple Fibers, POY Chips, Light and DenseSoda Ash, Sodium Bicarbonate, Paints Decorative, Refinish,Industrial & Projects and for manufacturers of vehicles, Specialty Chemicals, Polyurethane, and Adhesives and arranges manufactureon a toll basis of Pharmaceutical and AnimalThe turnover of ICI Pakistan Limited in 2001 was Rs. 12.8 billion andgross assets employed amounted to Rs. 14.98 billion. It is one of the

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ICI Pakistan Limited

Largest quoted companies on the Karachi, Lahore and IslamabadStock Exchanges with a paid up share capital of Rs. 1.39 billion. Thecompany has over 1,300 permanent employees and about the samenumber of people provides services through contractualarrangements.ICI Pakistan has a proud history of sustained investments in thePakistan economy in basic manufacture and as a good corporatecitizen, the company continues with its policy to serve thecommunity it operates in.

The general state of economy:

Pakistan economic condition is not stable now days. In fact all the bigauthorities are trying to maintain it but failed to do it. Foreigncompanies are hesitating to make investment in Pakistan .The economiccondition of our country is not good due to the heavy debt. We areholding a burden of 35 billion dollars of IMF. That’s why our economiccondition is not so well. The outgoing fiscal year 2002-2003 has beenthe most difficult and challenging year for Pakistan’s economy. The year witnessed the full impact of the economic sanctions on domesticeconomy as well as the continuation of deepening global economicrecession with consequential impact on Pakistan’s external sector. These

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