INP-WealthPk
Govt takes steps to boost production, exports
October 25, 2022
The government has taken a host of measures to establish new industries, promote the Made-in-Pakistan concept and enhance employment opportunities in the country.
The ministry for industries and production has informed the National Assembly that under the Mobile Device Manufacturing Policy, 30 manufacturers have obtained licences to start local manufacturing of mobile devices.
The ministry informed the house that Green Field Technology was another initiative for both import substitution and export enhancement. Under this scheme, different incentives in terms of taxes and duties are being given to the companies by the Federal Board of Revenue to introduce new technologies that can bring innovative product design and reduce production cost.
The ministry said that the Engineering Development Board was formulating Solar Panel Manufacturing Policy and Agricultural Implements Manufacturing Policy to promote local production and exports.
Credit : Independent News Pakistan-WealthPk
