The attainment of a better understanding and improvement of electrical and mechanical properties of ternary polymer blends is a task of particular scientific and economic importance. Polymer physics is highly useful for understanding many scientific and technological problems associated with the use of such materials in modern engineering and technology. Polymers, defined as non-metallic materials, which can be molded to any shape and size by application of heat and pressure, have become substance of immense importance. Now a day's, the polymers are widely used in the construction, transportation, communication, electrical and textile industries and are highly useful in the aircraft, aerospace, nuclear and space technology as well as medical applications. With the growing demand for lightweight, high performance materials coupled with escalating costs of energy and petro-chemicals feed stocks, the last few years have seen a tremendous surge of interest in development of polymer blends. The combinations of low cost and light weight with superior mechanical and electrical properties are the main reason for increasing the research interest in the field of polymeric blends.