The government prefers to go beyond boundaries to promote local markets and enhance business relations with the neighbours, said Pakistan Muslim League-Quaid (PML-Q) Chief Chaudhry Shujaat Hussain, while urging India to enhance trade with Pakistan.
“But, it will not be at the cost of local industry,” Shujaat said, adding that the new fiscal year budget will be important for promoting business ties with India.
While speaking to a delegation of the business community, headed by Attock Chamber of Commerce and Industry President Tariq Mehmood, Shujaat urged the business leaders to furnish specific business proposals as the government is considering giving extra ease to those who establish industries without any bank loans.
There is no harm in testing the abilities of the private sector by handing them the management of a few sick units, he added.
Chaudhry Shujaat Hussain was informed that there are 475 pharmaceutical factories operating in Pakistan, catering to 70% of the country’s demand of pharmaceuticals.
Published in The Express Tribune, April 30th, 2012.
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