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Industry running close to 100pc capacity, says Razaq Dawood
Top Story
December 24, 2020
ISLAMABAD: Pakistan’s industry is now running close to its 100 percent capacity and more importantly the process to expand the industrial base has kickstarted which is quite visible by increasing imports of machinery. This means that the country which was two years ago on the mode of de-industrialization is now on its way to industrialization, claimed Abdul Razak Dawood, Adviser to PM on Commerce and Investment.
The country’s curve of industrial activities after momentum in the wake of the government’s incentives has hit a plateau but will further go up after expansion of the existing industrial base. The government has provided Rs100 billion worth TERF (temporary economic refinance facility) to the business community for import of machinery to achieve sustainable industrialization. And in a welcoming development, many industrialists have started importing machinery under that initiati
Top Story
December 24, 2020
ISLAMABAD: Pakistan’s industry is now running close to its 100 percent capacity and more importantly the process to expand the industrial base has kick started which is quite visible by increasing imports of machinery. This means that country which was two years ago on the mode of de-industrialization is now on way to industrialization, claimed Adbul Razak Dawood, Adviser to PM on Commerce and Investment.
The country’s curve of industrial activities after momentum in the wake of the government’s incentives has hit a plateau but will further go up after expansion of the existing industrial base. The government has provided Rs100 billion worth TERF (temporary economic refinance facility) to the business community for import of machinery to achieve sustainable industrialization. And in a welcoming development, many industrialists have started importing machinery under that initiative. Under the said facility, the liquidity to the business community