National Industrial Policy set to revive sick units, boost exports

August 22, 2025 (MLN): The government's upcoming National Industrial Policy is set to breathe life into struggling industries through the revival of sick industrial units, easier access to credit, reforms in bankruptcy laws, and stronger investor protection.

Central to the framework is the creation of a National Industrial Revival Commission, which will oversee implementation and provide a dedicated redressal mechanism for industrial complaints.

The policy’s contours were discussed in a high-level meeting chaired by Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan, attended by Finance Minister Muhammad Aurangzeb, Federal Minister for Power Division Sardar Awais Ahmad Khan Leghari, the Chairman of FBR, and the Governor of the State Bank of Pakistan.

Discussions focused on reducing the cost of power, promoting renewable energy, upgrading transmission and distribution systems, and ensuring long-term sustainability for the industrial sector.

Haroon Akhtar Khan emphasized that the new policy, developed in consultation with both public and private stakeholders, reflects the vision of Prime Minister Shehbaz Sharif to make industry a driver of growth and exports.

 He added that strict contract enforcement would be ensured, while one-window services in Special Economic Zones (SEZs) inspired by the Chinese model would streamline operations and reduce bureaucratic delays.

Federal Minister for Power Division stressed that energy sector reforms would significantly cut costs and bring relief to industries.

He said enhanced reliance on green energy and improved infrastructure would not only lower production expenses but also safeguard the environment.

The new National Industrial Policy lays out a five-year roadmap to place industries on stable foundations, expand exports, and generate employment, representing a decisive step toward Pakistan’s industrial revival.

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