The government will create agriculture support fund (ASP) to provide capital for value addition of agriculture products, Financial Advisor to Prime Minister Dr Suleman Shah said on Thursday. Speaking in a PTV programme, he said ASF would provide funds to farmers for all kinds of facilities and modern machinery for value addition of their products. ASF will also provide capital for setting-up fruit and vegetable processing zones, he added. He said along with agriculture sector, the government was also focusing to expand engineering industry.
The adviser said the government was providing all possible facilities for further expansion of engineering industry as it would help in achieving higher growth rates.
He said the government was also focusing on electronic and bio-technology sectors as it had much potential of grooming with a little attention.
Efforts will be made to bring further growth in the textile sector, which is presently showing remarkable performance, he added.
He said it was government's commitment to expand industrial sector and the efforts were under way to set-up industrial zones and parks in the country.
To fulfil demand of skilled manpower, he said the government was focusing to set-up vocational centres in the country.
Suleman Shah said Large Manufacturing and Automobile sectors were showing extraordinary performance during last couple of years.
Replying to a question, he said efforts were underway to bring down the cost of doing business, as it would help Pakistani products compete in international market.
He said reforms programme initiated by the government had brought positive impacts on country's economic condition. Continuity of polices had restored confidence of foreign and domestics investors, he added.
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