Government pledges industrial revival to boost jobs and economic growth

The government has reaffirmed its commitment to strengthening Pakistan’s industrial sector as a key driver of employment and economic recovery, Special Assistant to the Prime Minister on Industry and Production Haroon Akhtar Khan said on Saturday.

Addressing the media, Mr Khan acknowledged the economic challenges faced by industries in recent years, noting that past policy decisions, though necessary, had adversely impacted production. He said the prime minister now prioritises sustainable job creation and emphasised that employment opportunities would expand only if factories operated at full capacity.

The SAPM pointed out that production costs in Pakistan remain high. Despite a reduction in the interest rate from 22% to 10.5%, he said, tax burdens continue to limit the global competitiveness of local industries. He assured that measures to ease these challenges would be reflected in the forthcoming federal budget.

Mr Khan also addressed opposition criticism, describing it as a normal and constructive part of democratic governance that can help improve government performance. He stressed that political stability was crucial for attracting investment and confirmed that the government would complete its constitutional term and seek a fresh mandate based on its achievements.

Highlighting inclusivity, the SAPM said the prime minister aimed to provide employment opportunities across all regions and expressed support for women entrepreneurs, praising them as a dynamic and determined segment of the business community.