Prime Minister Imran Khan on Friday said the development of industrial sector was vital for the country’s socioeconomic progress.
The present government had introduced Compliance Regime instead of the No Objection Certificate (NOC) Regime, he added.
The prime minister was talking to Minister for Industries and Production Makhdoom Khusro Bakhtiar, who along with a delegation of industrialists called on him here.
During the meeting, matters relating to the development of industrial sector for creating ample employment opportunities for the youth and poverty alleviation in the country were discussed.
The prime minister directed to ensure business-friendly environment in the country for encouraging investors and achieving speedy industrialization.
He also directed the Ministry of Finance and other relevant institutions, including the Board of Investment (BOI), Federal Board of Revenue (FBR), State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP), to work in coordination to create an enabling environment for the promotion of industrialization.
The meeting was also attended by renowned industrialists Mian Anjum Nisar and Muhammad Irfan.—APP
