ISLAMABAD ( WNAM REPORT ): The Ministry of Industries and Production has successfully implemented significant reforms to drive sustainable and export-led growth in Pakistan. Under the leadership of Prime Minister Shehbaz Sharif, the ministry has introduced groundbreaking reforms over the past year, focusing on:
– Enhancing SME Competitiveness: Improved access to support services, funding, and market linkages, contributing to sustainable growth within the national economy.
– Strengthening the Engineering Sector: The Engineering Development Board (EDB) implemented policy reforms to boost domestic market localization and export capabilities, integrating the sector into global markets.
– Advancing Industrial Infrastructure: The Pakistan Industrial Development Corporation (PIDC) played a pivotal role in establishing and operationalizing new Special Economic Zones (SEZs), attracting investments and fostering industrial growth.
– Promoting Export-Led Growth: Increased export-oriented industrial activities, aligning with the government’s mandate to promote export-led growth, especially within environmentally efficient industries.
– Ensuring Affordable Goods: Policies implemented to ensure essential items remain accessible at affordable prices, benefiting lower-income groups and protecting real income in the country.
The ministry aims to foster a globally competitive SME sector, driving sustainable national economic growth through a supportive environment and targeted services. Key agencies like EDB and PIDC will play vital roles in achieving this vision.
