Federal Minister for Industries and Production, Mian Mazoor Ahmed Wattoo has urged the business community to enhance their participation in industrial growth for the development of the sector. He was talking to the delegation of Saarc Chamber of Commerce and Industry, which headed by its President, Iftikhar Ali Malik called on him here on Thursday.
Wattoo said that government is working to strengthen the national economy for which industrial growth is important adding that private sector can play a vital role to promote industrial activities in the country. He said government is working on a policy to promote public-private partnership in all economical activities especially in industrial sector development.
Problems face by the business community in this field would be solved on priority basis, he added. The minister said that business community should establish their contacts with Saarc country's business community and make efforts to develop joint ventures, as there are good potential for them in industrial sector's investment.
He said government is encouraging foreign investment in the country for which private sector should play their due role for economic uplift of the country. He asked that Gwadar Industrial Zone is a tax free zone and having attraction for Saarc member's countries while other industrial zone are also available for them.
He said that representation would be given to members of chambers and commerce in board of directors of all state enterprises, as consultation with business community will provide a boost in their development. President Saarc Chamber of Commerce and Industry, Iftikhar Ali Malik has said private sector is active in setting up of new industries and in this regard many joint venture have been signed with Saarc members countries. He said government should considered on our request about grant of incentives for the investors as this will help in promoting the investment.