Prime Minister Shehbaz Sharif on Friday signalled movement toward an overhaul of Pakistan’s industrial policy, after the private sector presented a set of proposals aimed at boosting the country’s industrial development.
Chairing the first meeting of the Working Group on Industrialisation, the premier welcomed the recommendations and directed that they be incorporated into the national policy framework following a detailed implementation review, read a statement.
The meeting was attended by Federal Ministers Ahsan Iqbal, Jam Kamal Khan, Ahad Khan Cheema, Ali Pervaiz Malik, Advisor to the Prime Minister Muhammad Ali, Minister of State Bilal Azhar Kayani, Special Assistant Haroon Akhtar and industrialists included in the Industrial Working Group led by Saqib Shirazi.
The meeting was presented with policy proposals for Pakistan’s industrial development and increasing investment in the country. The meeting was also presented with a comparison with the countries of the region to increase the competitiveness of the country’s industry.
“The country’s economic development, employment generation and income growth are not possible without industrial development,” said PM Shehbaz.
He added that measures to facilitate business and increase investment are the top priority of the government.
The prime minister praised these proposals and directed that to be included in the national policy framework along with recommendations regarding other sectors of the economy. “A plan of action will be prepared after carefully observing these proposals,” he said.
The prime minister lauded the business community for supporting the government policies during difficult times, which helped the country avert an economic crisis.
“The country’s economic direction is improving and is moving towards development. But we have to work harder for the country’s growth,” he said.
