Haroon Akhtar Khan Addresses Chemical Industry Concerns, Upcoming Budget & Petrochemical Policy
Special Assistant to the PM, Haroon Akhtar Khan, met with the Pakistan Chemical Manufacturers Association to discuss challenges like high utility costs and taxation. Khan assured the government's commitment to industrial growth and local manufacturing, emphasizing PM Shehbaz Sharif's economic vision. Discussions also included the upcoming federal budget and the proposed petrochemical policy, with an invitation for industry proposals. The government is preparing a National Industrial Policy and promised an industry-friendly budget, highlighting improving economic indicators.
Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, convened a crucial meeting with a delegation from the Pakistan Chemical Manufacturers Association (PCMA). The discussions, also attended by Engineering Development Board CEO Hammad Mansoor, centered on the significant issues confronting Pakistan's chemical industry, including elevated utility costs, high taxation, and borrowing expenses. Haroon Akhtar Khan acknowledged these pressures, reaffirming the government's dedication to implementing targeted reforms and policy support to strengthen industries, aligning with Prime Prime Minister Shehbaz Sharif's economic vision. He underscored the government's commitment to fostering industrial growth and promoting local manufacturing across all sectors.Khan informed the delegation about the ongoing preparation of a National Industrial Policy, designed to ensure sustainable long-term development. He actively encouraged industry stakeholders to submit detailed proposals and analytical recommendations for inclusion in the forthcoming federal budget, stressing the government's approach of comprehensive consultation before finalizing key economic decisions. The Engineering Development Board is slated to present the Petrochemical Policy after extensive consultation with relevant industries. The Special Assistant assured that the upcoming budget would be industry-friendly, aiming to facilitate businesses while simultaneously benefiting the general public. The meeting concluded with a mutual agreement to maintain close coordination between the government and industry representatives, striving for inclusive and sustainable economic progress, buoyed by gradually improving economic indicators attributed to Prime Minister Sharif's efforts.
