ISLAMABAD:
Special Adviser to Prime Minister for Industries and Production Haroon Akhtar Khan has assured the business community that Prime Minister Shehbaz Sharif will soon announce relief measures for the industrial sector, particularly in relation to electricity tariffs.
He also revealed plans for a new bankruptcy law to provide struggling industries with a structured recovery framework, said a statement released by the Ministry of Industries on Monday.
Speaking at a meeting at the Federation of Pakistan Chambers of Commerce and Industry, the PM aide reiterated the government’s commitment to ensuring economic stability, industrial growth and a business-friendly environment. He encouraged collaboration between public and private sectors to achieve long-term economic prosperity.
The adviser highlighted PM Sharif’s vision for a stable and progressive economy, noting that despite challenges, Pakistan had made remarkable progress. “The country has demonstrated resilience in the face of economic hurdles and has successfully tackled security concerns while ensuring business continuity,” he said.
He assured the business community of full government support while acknowledging their crucial role in Pakistan’s economic revival. He pointed out that the PM was keen on formulating business-friendly policies to ensure that the industries received the necessary facilitation to drive economic expansion.
Talking about reforms, Haroon Akhtar Khan stated that the State Bank had reduced policy rate from 22% to 12%, which provided much-needed relief to businesses. He noted that the PSX had reached all-time highs, reflecting the growing investor confidence.
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