Traders & Industrialists Laud Massive Package for Industrial Sector

HYDERABAD, Nov 04 (APP): The representatives of traders and industrial organizations have lauded the announcement of the Prime Minister Imran Khan for granting a massive package to the industrial sector and termed it a major achievement for the revival of this key sector in order to strengthen the economy of the country.

The President Hyderabad Chamber of Commerce and Industry Fahad Hussain Shaikh while talking to APP said the massive three years relief package for industrial sector with the reduction of power tariff for commercial consumers will definitely boost industrial activity in the country. Similarly, he said that the grant of incentives to small and medium enterprises and omitting peak hour electricity charges are also a major decision for bringing in a new era of development in the industrial sector. The economic policies of the government of Premier Imran Khan had already enhanced the exports and the present decision will definitely achieve the required goals of rapid enhancement in foreign reserves, he added.

Prime Minister Imran Khan is fully committed to revive the industrial sector and the incentives granted to construction sector clearly indicating his efforts to strengthen the economy of the country, the HCCI President said, adding that the revival of the industrial sector will also overcome the issue of unemployment in the country.

The President Hyderabad SITE Association of Trade and Industry Parvez Faheem Noorwala while talking to this scribe also eulogised the decision of the Prime Minister Imran Khan adding that such incentives will boost industrial activity in the country, ultimately strengthening the economy as well as opening doors of employment for the jobless people of the country.

He said that this three years massive relief package will also encourage the small medium enterprises and it will surely play a role for bringing in a new era of progress and prosperity with exports to international markets. The steps being initiated by the government clearly show positive economic indicators; however, time is required for major achievements in the improvement of the industrial sector, he said, adding that besides the grant of incentives in the energy sector, the Premier should also initiate measures to overcome the crisis of non availability of gas to industries.

He said majority of the industries are dependent on gas availability; therefore efforts should also be made in this regard so that the required gas could be available for the industrial sector, he added.

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