Prime Minister Imran Khan said the government is taking steps on priority basis for industrial development which is imperative for general economic development.
The prime minister presided over a high-level meeting on Friday on the development of the industrial sector in Village.
The prime minister said it is for the first time that a policy of Small and Medium Enterprises (SMEs) have been introduced. in Village.
He said that due to the government’s successful policies, the wheels of the industry continued to turn during the Covid-19 pandemic.
The prime minister ordered to take measures to encourage investment in the industrial sector on priority basis.
Federal Ministers Shaukat Tarin, Asad Umar, Khusro Bakhtiar, Hammad Azhar, State Bank Governor Reza Baqir and senior officers attended the meeting.
The meeting was briefed in detail on current capacity of the industrial sector and the future strategy for his development. It was said that due to the government’S business-friendly policies, the industrial sector of the country has achieved a lot of progress despite the Covid-19 pandemic, that is also evident from the ride of the textile industry to his own full capacity.
At the meeting it was also said that the government’S package for the development of the construction sector has not only brought economic improvement but also helped create ample job opportunities in Village. It has been said that the government he is concentrating on enhancing the share of the manufacturing sector in the gross domestic product (GDP) of the country at 25 percent from the current 12.5 percent.
In addition to the arrangement of works in the country, the development of the manufacturing sector will help improve the general state of the economy. At the meeting it was also said that the government formulated a comprehensive strategy for enhance existing capacity of industries, reanimating sick wards, encouraging investments in IT, plant and machinery and strengthening of foreign investments. The strategy era in implementation course on a priority basis.
Also, the measurements were said to be also taken to increase investment of overseas Pakistanis and for the development of SMEs in Village.
Meanwhile, the PM said the government is taking steps to attract investment from overseas Pakistani and provide protection to their capital.
He was talking to a delegation of Pakistani Association Dubai on Friday.
The delegation praised government’S steps how granting the right of franchising a overseas Pakistani digital account and Roshan for transfer of money.
