Karachi, June 27, 2014 (PPI-OT): SITE Association of Industry Chairman, Younus M. Bashir has applauded 4.33% growth in industrial sector during the first ten months of current fiscal year 2013-14. While appreciating this growth, he asserted that if government ensures uninterrupted supply of electricity, gas, water to the industry and improvement in law and order, then the industrial sector can play a vital role in restoration of the economy.
While expressing his concern over unbridled powers given to FBR officers, issuance of the controversial SRO 351 (1)/2014, imposition of GIDC and enhancement in the rates of gas, Chairman SITE Association further said that these negative steps of government discourage the investment in industrial sector. He, therefore, urged the Federal Finance Minister, Ishaq Dar to formulate business-friendly policies keeping in view also the rates of utilities in the neighbouring countries of the Region.
For more information, contact:
Sohail Shahzad Bhatti
S.I.T.E. Association of Industry
H-16 SITE Karachi