A high-level meeting of the committee on the revival of sick industrial units was held today under the directive of the Prime Minister of Pakistan.
The session was chaired by Haroon Akhtar Khan, Special Assistant to the Prime Minister.
Speaking at the meeting, Haroon Akhtar Khan emphasized that export-oriented manufacturing is the government’s primary focus.
“Reviving sick industrial units is central to the Prime Minister’s vision,” he stated.
“No country can progress without industrial development, and Pakistan’s manufacturing sector holds immense potential. It is imperative to make non-functional units operational again.”
The committee reviewed the key challenges faced by sick units, including expensive financing, high utility costs, and excessive taxation, which were identified as the major obstacles to their revival.
Haroon Akhtar stressed the importance of not just reviving these units but ensuring sustained performance. “Solutions will be proposed and I will personally ensure their implementation,” he assured.
The committee proposed the formation of a Banking Sub-Committee to address financial issues, with Mr. Muneer Kamal named as its convener.
New responsibilities have been assigned to the committee, including identifying sick units and drafting relevant policies for their revival.
The next meeting of the committee is scheduled to take place in ten days.
