ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Thursday directed to finalize the industrial policy at the earliest to increase industrial production and provide sustainable solutions to the challenges faced by industries.
He also issued directions to the relevant authorities that the industrial policy be finalized in consultation with all relevant stakeholders.
Terming the industrial sector as the central position in the country’s exports, the prime minister emphasized that development of the industries was inevitable to ensure export-led economic growth in the country.
Chairing a meeting regarding promotion of Industrial sector, the prime minister underscored that equipping local industries with a skilled workforce and modern technology according to international standards was the government’s top priority.
“Investment in the country will be promoted through tariff rationalization,” the prime minister said adding that “Uncertain industrial policies have hindered industrial growth. Through an effective policy, we will take industrial development to new heights”.
The recent economic policies, he said were formulated keeping in view the development of the country’s industrial sector.
During the meeting, recommendations regarding the development of the national industries were presented to the prime minister.
He was informed that the manufacturing sector of the country will be revived through an effective industrial policy.
The meeting was attended by Minister for Economic Affairs Ahad Khan Cheema, Special Assistant Haroon Akhtar and other relevant high officials.
