The government of Pakistan has announced key steps to overhaul the country’s industrial landscape, following a high-level meeting led by Haroon Akhtar Khan, Special Assistant to the Prime Minister on Industries and Production. The meeting brought together major economic and power sector leaders to finalize the National Industrial Policy, aiming to drive industrial growth, enhance exports, and provide a foundation for sustainable economic development.
Discussions focused on reducing energy costs for industry, promoting green energy, modernizing the power transmission and distribution network, and ensuring the long-term growth of the industrial sector. The participants emphasized the need to create a business-friendly environment by lowering operational costs and improving infrastructure.
Haroon Akhtar Khan highlighted that the new policy was shaped with input from both public and private stakeholders, ensuring it offers a comprehensive solution to challenges faced by the industrial sector. Notable provisions include reviving struggling industrial units, expanding access to credit for businesses, introducing reforms to protect against undue governmental interference, and streamlining bankruptcy laws.
A key feature of the policy is the formation of a National Industrial Revival Commission, which will oversee policy implementation and offer a platform to address complaints and resolve industry issues efficiently.
To further facilitate investment and strengthen business confidence, the policy will prioritize the enforcement of contracts. Inspired by China’s economic framework, Pakistan plans to introduce one-window services in Special Economic Zones (SEZs), allowing investors to navigate regulatory processes seamlessly.
Federal Minister for Power Division, Sardar Awais Ahmad Khan Leghari, stressed that ongoing power sector reforms will play a critical role in reducing industrial costs and improving the reliability of energy supply. By shifting toward greener energy sources and improving infrastructure, the policy aims to simultaneously lower costs and protect the environment.
Minister Leghari also outlined that the National Industrial Policy provides a five-year strategic framework designed to stabilize industries, promote growth, and generate new jobs, positioning the sector for a more resilient and sustainable future.
