ISLAMABAD ( WNAM REPORT ):In a bid to revive the industrial sector, Special Assistant to Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan unveiled his vision and priorities to boost the sector and meet future export targets.
Addressing the business community at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Khan announced plans to prepare a draft legislation to make new laws related to bankruptcy, protecting investors in default, and uplifting the industrial sector.
The government also intends to introduce a package to improve the health of sick industrial units, leveraging existing machinery and infrastructure to achieve a quick turnaround without incurring additional foreign exchange costs.
Khan highlighted the need to convince banks to provide credit access to private sector investors, restoring their confidence in government policies. He cited global examples where businesses enjoy multiple options to access capital.
The SAPM assured the business community of a conducive investment environment, enabling investors to invest in diverse fields without fear or harassment from government departments.
