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The wheel of economy will turn only when the wheel of industry turns: Khusro Bakhtiar – IG News

The wheel of economy will turn only when the wheel of industry turns: Khusro Bakhtiar

Federal Minister for Industries and Production Khusro Bakhtiar said that the wheel of economy will turn only when the wheel of industry turns, electricity and gas are needed to run the wheel of industry.

Finance Minister Shaukat Tareen held a post-budget press conference on Budget 22-2021 presented yesterday, accompanied by Federal Minister for Industries and Production Khusro Bakhtiar and Trade Adviser Abdul Razzaq Dawood.

Speaking on the occasion, Federal Minister for Industries and Production Khusro Bakhtiar said that we will provide subsidy on electricity and gas, now our challenge is SME sector.

He said that in industrial growth we are focusing on engineering sector, revolutionary steps have been taken to increase exports.

The Federal Minister for Industries and Production said that revolutionary measures have been taken to boost exports, subsidy will be given to the industry for supply of electricity and gas.

He said that small and big industries have to be promoted, if the auto industry goes, small factories will run, electricity will be given to the export industry at 7 cents which will continue till 2023.

Khusro Bakhtiar further said that turnover tax has been abolished in the Special Economic Zone and they want to promote small vehicles in the country.

The Minister for Industries and Production also said that he wants to build 1.5 lakh small vehicles in Pakistan and wants to give a dignified ride to the middle class.

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