Expansion ceremony of International Steels Limited
Advisor to Prime Minister on Commerce, Textile, Industry & Production and Investment Abdul Razzak Dawood, addressing the capacity expansion ceremony of International Steels Limited (ISL) said that the upcoming industrial policy will be designed to attract local and foreign investment. He said that the demands of the business community will be taken into consideration while formulating the economic policy and for this purpose he will personally visit all the chambers of commerce for consultation on industrial policy and to take all the stakeholders on board.
He emphasized the importance of enhancing the domestic production of Large Scale Manufacturing so as to increase domestic production and support the government’s measures to curtail the increasing import bill, saving the country’s precious foreign exchange.
Commenting on the Mini Budget he revealed that the fresh revenue measures will result in some Rs 7 billion revenue loss, however all decisions have been taken in the larger interest of the country’s economy.
