Saturday , December 7 2019
Latest News
Home / Business / National economy interlinked with industrial growth : Mian Aslam Iqbal

National economy interlinked with industrial growth : Mian Aslam Iqbal

Lahore : Minister for Industries, Commerce and Investment Mian Muhammad Aslam Iqbal said that the national economy and industrial sector are interlinked as the industrial growth helps in boosting the national economy. Industrialization in the country can result in generating new job opportunities.

He was talking to businessmen and office-bearers of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) here at Federation’s Regional Office Lahore.

He said that special economic zones will be setup in the province which will enhance the trade and economy activities in the Punjab.

He said that a scheme is being prepared for reduction of intervention of the government departments in business activities. He said that Punjab government is ready to provide ever possible relief to the business community in duties and taxes. He said that measures will be taken to bring untaxed sectors into the tax net. He said that Punjab Small Industries Corporation has developed three categories for soft loaning.

He said that TEVTA is being revamped and technical education is being brought under one umbrella. He said that exports enhancement and imports reduction is one of the top priorities of the government.

On the occasion, S.M Muneer Former President FPCCI and Former Chief Executive TDAP said that government should allot a piece of land for the FPCCI Regional Office Lahore and other Chambers of Commerce of Punjab.

Abdul Rauf Mukhtar, Vice President and Regional Chairman FPCCI said that government should establish a Cottage Industrial Estate and he said a Trade Information Portal should be launched to get trade related regulatory information on import-export. Which should connect the Pakistani business community to international markets.

He said that the cottage industry be also housed in Industrial Estates of Punjab especially located Sundar Industrial Estate Lahore, Gujranwala and Faisalabad in existing infrastructure or by acquiring additional land adjacent to the existing Industrial Estates.

Shireen Arshad Khan, Vice President FPCCI said that Women entrepreneurs can contribute a lot in economic growth of the country if they realize their rights and work in partnership with business, government and civil society to improve their opportunities and outcomes in global value chains.

Leave a Reply

Scroll To Top