ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan on Wednesday said the government has launched an initiative, “Revival and Debt Resolution Framework” for sick industrial units, with the National Industrial Revival Commission (NIRC) overseeing restructuring.
Akhtar said while talking to Defense Minister Khawaja Asif, who visited the Ministry of Industries and Production along with a delegation of the Sialkot Chamber of Commerce and Industry (SCCI). The SAPM reiterated that the upcoming budget would be industry-friendly and business-friendly, aimed at providing relief and incentives to the business community.
The participants of the meeting discussed matters relating to Pakistan’s economic growth, export promotion, and the upcoming federal budget.
READ MORE: Sick units: SAPM says ‘Industrial revival commission’ to be set up
The delegation SCCI presented its proposals and recommendations for consideration in the forthcoming budget. He said that proposals regarding tax relaxation and incentives are currently under review and that the government is committed to incorporating practical and growth-oriented measures.
Khan shared the salient features of the National Industrial Policy 2025–30 with the representatives of SCCI said that the policy was aimed at strengthening domestic industries and increasing exports.
The policy focuses on lowering tariffs on raw materials, intermediate goods, and machinery to reduce production costs.
The FBR will gradually remove Customs Duty (CD), Regulatory Duty (RD), and Additional Customs Duty (ACD) on imported inputs, helping manufacturers compete internationally.
The reforms also target simplifying corporate taxes and eliminating additional levies to create a more favorable business environment. Exporters will benefit from faster VAT refunds, exemptions on import duties, and smoother processing of duty drawback claims.
He said that the Small and Medium Enterprises (SMEs) are expected to gain improved cash flow and easier access to export markets. The policy encourages a shift from import substitution to export promotion, enhancing industrial growth, attracting investment, and integrating Pakistan into global trade networks.
He said that the government has prepared this policy in collaboration with all the stakeholders which will prove a significant step toward boosting competitiveness and creating jobs.
Haroon Akhtar emphasized that Pakistan’s economic development remains the government’s top priority. In line with the directives of prime minister, all ministries are working day and night to enhance exports and strengthen the national economy.
He said that, in accordance with the Pakistan Muslim League government’s vision, Pakistan’s first-ever National Industrial Policy has been prepared to provide a comprehensive framework for sustainable industrial growth.
He highlighted that regulatory reforms and new policies have been formulated to facilitate investors and improve the ease of doing business in the country.
Speaking on the occasion, Khawaja Muhammad Asif remarked that the dream of a strong economy cannot be realized without industrial development.
He stressed that unless the business community is provided with maximum facilitation, the country cannot move towards sustained improvement and prosperity.
The special assistant assured that the suggestions and feedback of traders and industrialists would be duly incorporated into the budget-making process to ensure inclusive and effective economic planning.
Copyright Business Recorder, 2026
Comments
Comments are closed for this article.