Lahore: Chief Executive Officer Pakistan Furniture Council Muhammad Kashif Ashfaq Tuesday said that revival of sick industries,reducing the petroleum prices and electricity will provide solace to people and impetuous to industries to flourish.
Talking to corporate sector delegation led by Mian Umair Javed he said Industry plays a important role in economic development of a country and industry is all over world is considered backbone of economy and all out efforts are made to strengthen it for the development of the economy.He said revival of the sick industries is need of the hour which coming into full operation not only generate job opportunities but also guaranteed the capacity of a country to export its products to other countries for earning foreign exchange.
He said categorical assurance held by Prime Minister Imran Khan for not increasing the prices of petrol,diesel and electricity till budget will pay dividends to industrial sector for sustainable economic growth and ease of doing business.He said five years tax holiday to foreign investors in joint ventures with 100 💯 percent foreign exchange exemptions will restore the confidence of foreign investors.
He said people will also benefit from this relief which he added will control inflation as well. He said stipend under Ehsas program has been increased from rupees 12000 to rupees 14000.He said business community realised that government despite odd circumstances provided relief to industry and people.
Mian Umair Javed urged the traders to lower the prices of their products for poor strata of the society especially daily edibles items failing which profiteers must be taken to task.