ISLAMABAD: Special Assistant to Prime Minister on Revenue Federal Minister Haroon Akhtar Khan has said that the government is committed to protecting and promoting the local industry “as the strength of the country’s manufacturing base would determine the pace of growth, creation of jobs and prosperity of the country and the people in the years ahead”.
“Increasing the manufacturing base by facilitating the local industry through the removal of undue restrictions and provision of a level playing field is the key to growing at a faster pace as a country and as an economy”, he said while talking to a group of LED manufacturers at FBR House today.
LED Bulbs Manufacturing Association President Sajjad Ahmad, and other office-bearers of the body were also present.
The delegation apprised the minister of various tax-related issues facing the local LED bulbs manufacturers and sought help from the government for removal of what they described as anomalies and restrictions hindering the growth of the industry.
They said the local LED bulbs industry is growing at a fast pace and is exporting products to the outside world, including some developed countries, and it is necessary to further facilitate it by removing restrictions and providing it with a level playing field.
Haroon Akhtar Khan told the delegation that the government is keen to promote the local industry and wants to provide the private sector with all possible facilities and rightful protections. “We want the private sector to grow and flourish as doing the business is not the government’s business,” he said. He also asked the association to brainstorm and come up with logical and realistic recommendations for consideration and incorporation in the next budget.
