Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, has pledged to restore the country’s industrial sector and put struggling industries back on track.
During a meeting today, he announced that Prime Minister Shehbaz Sharif will soon unveil relief measures, including reductions in power tariffs and taxes for the business community.
“A package will be introduced to revive sick industrial units,” he stated, emphasizing that restoring these businesses would create jobs and strengthen the economy.
He further revealed that Finance Minister Muhammad Aurangzeb has assured relief under the export refinance scheme. Taxation irregularities will also be addressed to ease the financial burden on businesses.
The government is also working on improving access to credit and securing long-term financing options for businesses, according to Akhtar.
He noted that the International Monetary Fund (IMF) has acknowledged several economic measures taken by the government over the past year.