Lahore: Prime Minister’s Special Assistant on Industry and Production, Haroon Akhtar Khan, stated that Pakistan’s economy is improving, with the government utilizing all available resources to restore investor confidence and boost economic activities. Speaking at the Lahore Chamber of Commerce & Industry (LCCI), he emphasized that policy continuity is essential for economic stability, and business community issues are being addressed on priority to accelerate industrial growth.
Haroon Akhtar highlighted that both local and foreign investors are showing renewed interest in Pakistan due to the government’s investor-friendly policies. He assured that efforts are underway to maintain economic momentum, ensuring more job opportunities and industrial expansion.
He announced the revival of sick industrial units as a key priority, introducing a bankruptcy law to provide financial and legal protection for struggling businesses. This initiative aims to stabilize the economy and create employment opportunities. Additionally, the government is working on reducing electricity costs and reforming tax collection to provide relief to the business community.
To facilitate investors, Haroon Akhtar revealed plans for a one-window operation system, eliminating bureaucratic hurdles and unnecessary regulatory interference. He also mentioned that work is in progress on a comprehensive industrial policy to provide a long-term roadmap for sustainable economic growth.
LCCI President Mian Abuzar Shad highlighted key challenges faced by the business community, including energy shortages, high-interest rates, and a lack of skilled workforce. He urged the government to resolve these issues within 30 days to boost the economy. He also stressed the need for urgent skill development initiatives to address labor shortages.
Participants at the event appreciated Haroon Akhtar Khan’s initiatives and urged the swift implementation of announced reforms. They emphasized that timely execution of these policies would strengthen Pakistan’s economy and usher in a new era of industrial development.