Govt commits to reforms, policy continuity for industrial expansion

August 22, 2025: The government of Pakistan is all set to match market realities and address the pressing concerns of key sectors, with a sharper focus on boosting industrial growth and exports in its upcoming industrial policy.

The perspective was shared by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb a meeting with a delegation of leading textile and garment producers and exporters, led by Shahzad Saleem of Nishat Chunian Ltd, said a press release issued yesterday.

The delegation shared its views on the textile industry’s present situation and future outlook and highlighted both opportunities for enhancing Pakistan’s global competitiveness and challenges that require urgent attention to sustain momentum.

The delegation also included senior representatives from Kohinoor Mills, Sapphire Group, Arshad Corporation, Fazal Cloth, Sadaqat Textiles, and Mahmood Group. Senior officials from the Finance Division and the Federal Board of Revenue (FBR) were also present.

By further acknowledging the textile sector as the backbone of Pakistan’s exports and a major source of employment, Senator Aurangzeb assured the government’s commitment to strengthening the industry by ensuring an enabling environment that fosters growth, resilience, and competitiveness in a changing global market.

He stressed that comprehensive reforms are being pursued to reduce structural bottlenecks, rationalize the tax framework, and align fiscal measures with industrial priorities.

Broadening the tax base, curbing unproductive expenditures, and providing policy continuity are central to the government’s economic reform agenda, he added.

Aurangzeb further stated that the relocation of the Tax Policy Office to the Finance Division would improve policy design and consistency, while maintaining a sharper focus on industrial growth and export expansion.

The Minister assured the delegation of regular engagement and emphasized the importance of structured feedback between the government and industry stakeholders to ensure consultative and effective decision-making.

Furthermore, he reaffirmed that the textile sector will remain a central pillar of Pakistan’s future economic strategy, with its growth and competitiveness treated as a top priority under the broader agenda of reforms, investment, and export-led development.

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