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

Trump Announces 10% Tariffs on Denmark, EU States Linked to Greenland Issue

US President Donald J. Trump has announced plans to impose tariffs on several European countries,…

2 hours ago

Pakistan, US Agree to Strengthen Security and Border Management Cooperation

Pakistan and the United States on Saturday agreed to enhance cooperation in bilateral security, counterterrorism…

4 hours ago

Islamabad Court Orders Arrest of Imaan Mazari and Husband After Repeated Absences

A district and sessions court in Islamabad on Saturday reissued non-bailable arrest warrants against activist…

4 hours ago

India–Bangladesh Tensions Surface as Captains Skip Handshake at U-19 World Cup Toss

Signs of diplomatic strain between India and Bangladesh surfaced on Saturday after the captains of…

4 hours ago

Pakistan, Japan Reaffirm Economic Ties at 8th Government–Business Dialogue in Tokyo

Pakistan and Japan on Friday reaffirmed their commitment to strengthening bilateral economic cooperation during the…

6 hours ago

Aga Khan University Installs Princess Zahra Aga Khan as Pro-Chancellor

The Aga Khan University graduated 461 students from 18 degree programmes at its 38th Convocation…

6 hours ago