Islamabad, August 25, 2025, 11:37 PM PKT – Prime Minister Muhammad Shehbaz Sharif has announced a task force to finalize the National Industrial Policy. This follows a crucial meeting in Islamabad with industry leaders and senior government officials.
The task force, led by Federal Minister for Commerce Jam Kamal Khan, aims to address major industrial challenges and promote export-oriented production across Pakistan.
Task Force Focus on Key Areas
The Prime Minister’s Office states that the task force will work with stakeholders to address pressing industrial issues. The National Industrial Policy outlines five priority areas:
- Reducing energy costs for manufacturers
- Addressing skill shortages in key sectors
- Modernizing industrial technology
- Implementing tax reforms
- Upgrading infrastructure
“We are committed to equipping industries with modern technology,” Sharif informed NEN. He has involved ministers, such as Ahsan Iqbal and Muhammad Aurangzeb, to reach a consensus on the policy framework.
Targets for Export Growth
The policy sets a goal of a 15% increase in industrial exports by 2027. The federal government will focus particularly on the textile and IT sectors, critical for Pakistan’s economic growth.
This initiative reflects extensive feedback from national chambers of commerce. Business leaders stress the importance of tax reforms and infrastructure improvements for continued industrial expansion.
Urgent Recommendations Expected
Prime Minister Sharif has directed the task force to produce detailed recommendations within 30 days. This swift timeline showcases the government’s commitment to rapid industrial development.
“Industries are the backbone of our economy,” Sharif stated. The government seeks to foster a globally competitive environment for manufacturers.
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