Advertisement
Categories: BusinessNewsPakistan

Govt Plans Relief Measures to Revive Industries, Says PM’s Special Assistant

Advertisement

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.

Advertisement
News Desk

Recent Posts

Pakistan to Witness Nearly 7 Million Animal Sacrifices on Eid-ul-Adha

Pakistan is expected to witness the sacrifice of more than 6.97 million animals during Eid-ul-Adha…

6 hours ago

US Tech Fund commits $10 million to 2 Pakistani IT entrepreneurs

Pakistan's two IT entrepreneurs-- Mehwish Salman Ali and Malik Mudassir—will receive funding of $10 million…

10 hours ago

Spotify’s Fresh Finds Celebrates a Decade of Discovering Breakout Talent

Spotify has announced a major milestone for 2025 - 10 years of Fresh Finds, the…

11 hours ago

Sindh Govt Bans Qingqi Rickshaws in Karachi, Imposes Heavy Fines Under New Traffic Reforms

Sindh’s Minister for Law and Home Affairs, Ziaul Hassan Lanjar, has approved sweeping changes to…

11 hours ago

AKU LEADS with micro-credentials: A flexible programme for academic advancement, upskilling and reskilling

Today, the world is changing rapidly more so than ever before with disruptive technological development…

11 hours ago

Aeon & Trisl Secures Emaar’s Top Broker Title for Q1 2025 – 7 Quarters in a Row

Aeon & Trisl Real Estate Group has once again claimed the coveted title of Emaar’s…

12 hours ago