PM Kakar Sets Ambitious Goals for Industrial Growth in Pakistan

Caretaker Prime Minister Anwarul Haq Kakar has directed relevant authorities to formulate a comprehensive strategy aimed at boosting the contribution of industries to Pakistan’s gross national product (GNP).

According to reports from Dawn.com, the objective is to elevate the current 12% share to its fullest potential.

During a recent meeting convened to assess the Ministry of Commerce, Industries, and Production’s performance and objectives, the prime minister stressed the urgent need to develop a national industrial policy.

The interim PM highlighted the importance of this meeting in accelerating economic development and enhancing industrial production in the country. Additionally, he called for the swift privatization of underperforming state-owned enterprises.

Reports indicate that the Ministry of Commerce, Industries, and Production presented an ambitious plan to generate $2 billion from the export of precious stones and minerals over the next two years.

Furthermore, PM Kakar expressed his intention to organize training programs using modern technology to equip local artisans with the necessary skills to fully harness the potential of gemstone exports.

During the meeting, the interim premier was briefed on the efforts of Pakistani officials stationed abroad to bolster trade and investment. Discussions also revolved around ongoing consultations with relevant stakeholders regarding the establishment of the Land Port Authority.

In a separate development, Prime Minister Kakar was informed of initiatives to boost information technology (IT) exports to over $5 billion. The Ministry of IT presented a comprehensive plan for expanding the IT sector within the country and increasing its exports during a meeting chaired by the prime minister.