ISLAMABAD: The government is pursuing Industrial Research Programme (IRP) in local engineering universities to redress technical problems of industry and strengthen manufacturing sector in the country.
The share of manufacturing in Gross Domestic Product (GDP) during last five years remained around 13.5 per cent which showed a decreasing trend with the each passing year.
The share of manufacturing in GDP was 13.8 per cent in 2009, 13.6 per cent in 2010, 13.4 per cent in 2011 and the percentage was 13.2 per cent in years 2012 and 2013.
Official sources on Thursday said no specific study in manufacturing sector has been carried out in recent past.
However, weakness of the manufacturing sector during the last five years may be attributed to domestic constraints and global economic situation, which may inter-alia include factors like heavy floods during last four years, law and order situation and terrorist incidents, power shortage and load shedding, increased number of organized crimes, target killings, kidnapping for ransom especially in Karachi and global recession.
The sources said to promote manufacturing sector, the authorities took measures including combating on-going energy crisis through allocating more resources for energy supply and imparting expertise through volunteer experts from abroad.
The other steps are tariff rationalization to reduce cost of doing business and to bring in new technology for product diversification and enhancing efficiency in the industrial sector, special incentives to promote local manufacturing through establishment of Special Economic Zones and integrating the local manufacturing sector with international players to become part of global supply chain.
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