Pakistan Oxygen Limited (POL) is planning to set up a state-of-the-art plant in Rashakai Special Economic Zone (SEZ) of the China-Pakistan Economic Corridor (CPEC), said a statement received by WealthPK.
The POL is a public listed company and a leading supplier of medical and industrial gases in Pakistan with a proud legacy of over 85 years. It has 12 operational plants in Pakistan, and now it plans to expand operations in Khyber Pakhtunkhwa province.
The POL has planned to invest around $15 million in this project, which is expected to be operationalized by the end 2023.
This project will open new avenues for direct and indirect employment and training of local skilled and unskilled manpower. In pursuance of the same, the POL chief executive officer (CEO) and Rashakai Special Economic Zone Development and Operations Company (China Road and Bridge Corporations) has signed Allotment Agreement and Renewable Energy Electric Supply Agreement.
Credit: Independent News Pakistan-WealthPk