An important virtual gathering occurred between Haroon Akhtar Khan, who serves as the Special Assistant to the Prime Minister, and representatives from the Karachi Chamber of Commerce and Industry (KCCI).
The purpose of the meeting was to tackle various critical concerns related to Karachi’s industrial sector, such as electricity availability, water distribution, increasing gas charges, difficulties in tax collection, and obstacles encountered by those involved in exports.
In the course of the conversation, Haroon Akhtar Khan highlighted the establishment of committees aimed at addressing these challenges, with the Karachi Chamber of Commerce taking a prominent position in driving these efforts. These committees will be established as per the instructions from the Prime Minister to guarantee a targeted and organized method for tackling the worries raised by regional chambers and business owners. “Our objective is to address every issue impeding the progress of our industries,” stated Haroon Akhtar Khan.
Following the Prime Minister’s vision, Haroon Akhtar Khan emphasized the critical need to accelerate industrial development throughout Pakistan. He pointed out that the current tariff conflict offers a distinct chance for Pakistani businesses to establish themselves internationally. “The Prime Minister has instructed us to rejuvenate domestic industries and markedly increase our export efforts,” he stated.
An important update was provided by the Special Assistant, highlighting that owing to the Prime Minister’s initiatives, the policy interest rate had been lowered to 11%. This reduction aims to alleviate the economic strain on companies. Nonetheless, Shawal Malik from KCCI identified a major issue: the outdated and dilapidated power infrastructure in Karachi, causing higher operational expenses for local enterprises. In spite of this obstacle, Special Assistant Haroon Akhtar Khan assured the Karachi Chamber of Commerce and Industry that the administration remains dedicated to addressing these concerns and bolstering Karachi’s manufacturing sector. The gathering represents a key phase in the government’s persistent endeavors to foster the expansion and competitive edge of Pakistan’s industries.
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