124 new manufacturing units set up in Pakistan since 2013


KARACHI (Staff Report) – As many as 124 new large-scale manufacturing units have been set up in the country over the last three years.

According to officials, certain facilities and incentives have been offered by the government for promotion of industrial sector through establishment of Export Processing Zones and Industrial Parks.

The current Public Sector Development Program is supporting eighteen projects worth about twenty-seven billion rupees in order to revive the industrial sector.

The officials said uninterrupted power supply to the industrial sector will not only help boost economy but also strengthen industrial sector.

They said State Bank of Pakistan has reduced lending rate to 6 percent from 9.5 per cent to increase industrial growth. An auto policy has also been framed to attract new investment in the sector.