Pakistan’s engineering industry has called on the government to introduce extensive incentives for incentivising local manufacturing, warning that without decisive action the country’s economic challenges will continue to deepen.
According to industry leaders, sustainable economic recovery depends on strengthening domestic production so that investors and entrepreneurs can profit from manufacturing within Pakistan. They argue that attractive incentives, supportive policies, and confidence-building measures are essential to draw more people toward establishing factories and producing goods locally.
Experts noted that Pakistan, once known primarily as an agricultural country, has witnessed a steady decline in per capita agricultural yield over the years. This downturn, they say, highlights the urgent need to diversify and modernize the industrial base.
While the automobile sector shows promise, analysts point out that much of the activity in the industry involves assembly operations rather than full-scale manufacturing. True industrial growth, they stress, requires technology transfer, value addition, and indigenous production.
Industry representatives emphasized that investors will not establish new ventures unless they have confidence in consistent government policies. They urged authorities to take bold steps, including targeted incentive packages and amnesty schemes, to restore trust and stimulate large-scale industrial development across the country.
