ISLAMABAD: Advisor to Finance Minister Khurram Schehzad said on Sunday that government was making efforts to create room for sustainable growth by introducing incentives to revive industrial and agricultural sectors of the country.
Generally, there are three or four major costs to industries and businesses. Two of them have been addressed to a considerable extent, he posted on X.
While, the efforts were underway to do more), the third and the fourth ones are underway to rationalize, on priority, he added.
He said that the government has reduced energy cost from Rs38 per unit to Rs23 per unit on additional consumption for 3 years, providing relief for industry and agriculture, with certainty.
The interest rates halved – access to finance, bettet and more affordable, he said adding that tax structure being rationalized-direction of travel changrd (some relief for salaried, corporate sector) focus on the undocumented, with increased compliance and enforcement.
Besides, the regulatory ease, faster approvals, simpler procedures, from years, to weeks and days, he said adding that the direction is clear lowering cost and improving ease of doing business to make way for growth, investment and jobs, he remarked.
