A MAJOR VOTE OF CONFIDENCE IN PAKISTAN’S PACKAGING & EXPORT INDUSTRY
A MAJOR VOTE OF CONFIDENCE IN PAKISTAN’S PACKAGING & EXPORT INDUSTRY
IFC COMMITS UP TO US$20 MILLION TO NOVATEX LIMITED
The International Finance Corporation (IFC), a member of the World Bank Group, has committed financing of up to US$20 million to Novatex Limited Limited, marking a significant development for Pakistan’s plastics, packaging, recycling and export industry.
This strategic financing can help support the import of essential raw materials and modern equipment—strengthening domestic supply chains, supporting employment, protecting export revenues and advancing sustainable manufacturing.
WHY THIS MATTERS
Industrial Growth
Supporting manufacturing capacity, modern equipment and stronger production capabilities.
Circular Economy
Advancing PET recycling and the use of recycled PET (rPET), enabling more sustainable material flows.
Export Competitiveness
Strengthening Pakistan’s ability to compete in international markets with high-quality PET, films and packaging products.
Stronger Packaging Supply Chains
Helping maintain the availability of essential materials for domestic manufacturers and downstream industries.
NOVATEX — A KEY PLAYER IN PAKISTAN’S PET VALUE CHAIN
Part of the G&T Group (Gani & Tayub), with a business legacy dating back to 1948, Novatex has established an integrated presence across Pakistan’s polyester and packaging value chain, including:
• PET Resin
• Recycled PET (rPET)
• PET Preforms
• PET Flakes
• BOPET Films through Krystofilms
The IFC commitment represents more than financing for one company—it is a positive signal for Pakistan’s wider plastics, packaging and recycling ecosystem.
As global markets increasingly demand efficiency, recycled content and sustainable solutions, Pakistan has an opportunity to strengthen its position through technology, recycling infrastructure, local manufacturing and export-oriented production.
Investing in manufacturing. Advancing recycling. Strengthening exports. Building Pakistan’s industrial future.
Shakeel Ahmad
VOICE OF PACKAGING
Sustainable Packaging. Better Future. Pakistan.
Saving Earth & Oceans — Reduce. Reuse. Recycle.
www.voiceofpackaging.com
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