Govt claims enhanced industrial production
ISLAMABAD: The Government has taken a number of steps for promotion of industrial sector of the country. According to officials, uninterrupted gas and power supply and relief in taxes have been ensured for enhancing industrial production.
Establishment of export processing zones and industrial parks across the country which offer lot of incentives to the industrialists are also part of Government`s initiatives for boosting industrial activity.
The industrial parks will be set up alongside the route of CPEC to beef up industrial activity. These Parks and zones offer duty free imports of capital goods, plant, machinery and equipment and will be provided infrastructural assistance by the Government.
So far four major industrial Parks and one economic zone have been established in the country. These include Korangi Creek, Bin Qasim and Rachna Parks and Khairpur industrial zone at a total cost of twenty seven billion rupees. Government has approved Automotive Development Policy for the period 2016 to 2021 to attract and promote field investments in automobile manufacturing and auto vendor industry. —PPI