'Govt-private sector collaboration key to industrial growth'

ISLAMABAD:

Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, emphasised on Monday that collaboration with the private sector is essential to addressing large-scale industrial production challenges.

During a meeting with Engro Corporation Chairman Hussain Dawood, Khan highlighted the government's efforts to promote investment and create an enabling environment for industrial growth.

According to a press release issued by the ministry, the discussion focused on restoring business confidence and facilitating ease of doing business in Pakistan. Both sides stressed the need for large-scale institutional investment and active private sector participation to accelerate economic progress.

"The government is taking all possible measures to encourage investment and ensure sustainable economic development," said Khan.

He also underscored the role of the Special Investment Facilitation Council (SIFC) in attracting both domestic and international investment. Additionally, he announced the establishment of a One Window Facilitation Centre to streamline business procedures and enhance ease of doing business in Pakistan.

Khan emphasised that public-private partnerships are crucial for sustainable industrial development.

Meanwhile, Dawood expressed confidence in the government's pro-business initiatives and appreciated the steps being taken to improve the overall business climate.