PM Shehbaz Sharif designates warehouse, logistics sector as official industry

May 31, 2024 (MLN): Prime Minister Muhammad Shehbaz Sharif has announced the elevation of the Warehouse and Logistics sector to the status of an industry, according to the Information Industry's latest news post.

He was talking to a delegation of Chambers of Commerce and Industry as well as Associations of various industries and businesses, who called on the Prime Minister in Islamabad yesterday.

The Prime Minister directed the authorities concerned to ensure all necessary legal requirements are met to facilitate this transition.

Expressing its appreciation, the business community thanked the Prime Minister for addressing its longstanding demand, which had been lying pending across various forums.

Shehbaz Sharif highlighted the government's initiative to digitize the Federal Board of Revenue, mentioning plans to extend invitations to the Chinese industry to establish industrial units in Pakistan during his upcoming visit to China.

He emphasized the government's commitment to promoting new projects in alternative energy, particularly solar energy, with an aim of reducing electricity prices.

Regarding state-owned enterprises (SOEs), the Prime Minister outlined plans for their privatization, excluding strategic ones, in order to mitigate financial losses to the national exchequer.

He highlighted ongoing third-party validation to assess the performance of trade and investment officers stationed abroad.

Assuring the delegation, Shehbaz Sharif pledged to address all legitimate demands and concerns raised at the meeting.

The delegation pledged full support for the government's efforts to enhance the economy and broaden the tax base.

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