ISLAMABAD: Federal Minister for Industries and Production Ghulam Murtaza Khan Jatoi has asked the German investors to invest in auto and other industrial sectors of Pakistan.
Jatoi said this during a meeting with German Ambassador Ina Lepal at her residence. He highlighted the role of the Ministry of Industries and Production in detail before the Ambassador and apprised her of how, through provincial decentralization, the provinces have significant control over their industries.
Industrial parks were also a topic of discussion as the minister explained how they are necessary to give companies incentives and tax relaxation for foreign companies that want to set up industries within Pakistan. The minister said that industries for new technology can be set up anywhere in Pakistan and are not bound to industrial parks.
The minister also stressed how his ministry uses subsidies to make food products more affordable to the massed through the network of stores of the Utility Stores Corporation (USC) of Pakistan.
The Ambassador asked the minister about the Ministry’s role in skill development and entrepreneurship to which the minister detailed the workings of Pakistan Industrial Development Corporation (PIDC), National Productivity Organization (NPO) and Small and Medium Enterprises Development Authority (SMEDA).
