The Pakistani government is preparing fresh policies to strengthen local manufacturing and cut reliance on imports. Special Assistant to the Prime Minister for Industries and Production Haroon Akhtar Khan shared the details while speaking to business leaders at the Lahore Chamber of Commerce and Industry.
He said new frameworks are being developed for battery energy storage systems, solar panels, electric vehicles, mobile phone production, automobiles, fertiliser and agricultural machinery. The goal is to build stronger domestic industries and improve the country’s competitiveness. A new auto policy is nearly ready and will include special support for electric two-wheelers, three-wheelers and cars.
A broader industrial policy has already received the prime minister’s approval. It focuses on restarting closed factories, protecting genuine businesses from undue pressure, making finance easier to obtain, and settling commercial disputes more quickly. Commercial courts and better rules for restructuring troubled companies are also planned.
On taxes, the government has fully removed the super tax for export-oriented businesses. For non-export companies earning more than Rs500 million in profit, the rate has been lowered from 10 per cent to 8 per cent. These changes form part of wider efforts to lower the cost of doing business.
Haroon Akhtar Khan stressed that political stability and a clear direction help industry grow. He noted recent drops in inflation and the policy rate, along with ongoing work to reduce electricity prices so local producers can compete better regionally.
Business leaders present welcomed the focus on private-sector leadership and easier operating conditions. Officials say these steps aim to create jobs, increase production and support long-term economic recovery.