Business

KARACHI (Staff Report) – As many as 124 new large-scale manufacturing units have been set up in the country over the last three years.

According to officials, government incentives have helped promote the establishment of industries, especially in Export Processing Zones and Industrial Parks.

The current Public Sector Development Program is supporting eighteen projects worth about twenty-seven billion rupees in order to revive the industrial sector.

Officials said uninterrupted power supply to the industrial sector would not only help boost economy but would also strengthen industrial sector.

They said State Bank of Pakistan had reduced its lending rate to 6 percent from 9.5 per cent to increase industrial growth. An auto policy has also been framed to attract new investment in the sector, officials said.