The government has positioned the Pakistan Industrial Development Corporation (PIDC) at the forefront of a new national industrial policy, tasking it with revitalizing the country”s economic base and executing key infrastructure projects aimed at boosting exports and attracting investment, according to a top official.
According to Ministry of Industries and Production’s information today, during a visit to the PIDC headquarters on Tuesday, Special Assistant to the Prime Minister on Industries and Production, Mr. Haroon Akhtar Khan, described the corporation as the “backbone” of the country’s industrial structure.
Mr. Khan received a comprehensive briefing from the PIDC”s CEO on the organization”s performance, ongoing ventures, and future initiatives. The meeting included a review of significant developments such as the Master Plan of the Karachi Industrial Park, the land lease policy for Bin Qasim Industrial Park, and the planned establishment of a customs bonded warehouse.
He stated that these efforts are central to implementing Prime Minister Shehbaz Sharif’s vision, which focuses on building a robust industrial foundation and creating widespread employment opportunities across Pakistan.
Highlighting the strategic significance of the Karachi Industrial Park, the special assistant noted its establishment is anticipated to enhance national exports, open new avenues for investment, and fortify Pakistan’s overall industrial ecosystem.
Under the new policy framework, greater facilitation will be extended to local industries, with Mr. Khan emphasizing that PIDC”s role will be crucial in ensuring the policy”s effective implementation.
He reaffirmed the government”s commitment to pursuing industrial reforms, transparency, and modern infrastructure, adding that efficiency and accountability in all ongoing PIDC projects remain top priorities.
Mr. Khan concluded that a comprehensive strategy is being formulated to make the corporation”s role more dynamic and effective in driving sustainable industrial growth in Pakistan.