Ghani Chemworld seeks to replace Pakistan’s imports of calcium carbide
One of the largest importers of the chemical now wants to manufacture as much of it domestically as possible
When Ghani Chemworld Ltd (GCWL) listed on the Pakistan Stock Exchange in April 2025, it did so with a single-minded purpose: to build Pakistan’s first large-scale plant dedicated to manufacturing calcium carbide and its derivatives, and in the process turn one of the country’s more obscure import lines into an exportable surplus.
The company is a freshly minted public limited concern, incorporated in July 2024 as a wholly owned subsidiary of Ghani Chemical Industries Ltd (GCIL). Under a court-sanctioned demerger and merger scheme, GCIL’s in-progress calcium carbide project was carved out and transferred into Ghani Chemworld, with GCIL shareholders receiving shares in the new vehicle. In other words, what investors are buying on the stock market today is essentially a pure play on one project: a greenfield calcium carbide complex at the Hattar Special Economic Zone (SEZ) in Khyber Pakhtunkhwa.
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