“MAKE IN PAKISTAN” THRUST

The key thrust of the Pakistan Business Council’s Agenda for the Economy is “Make in Pakistan.” Manufacturing in Pakistan lags our Asian peers and the economy is increasingly driven by import-based consumption, which now represents over 80% of GDP. Investment in industry is half that of our neighbouring countries. As a result, employment has been compromised and the country has had to resort twelve times to the IMF in the last three decades. The only sustainable solution is fundamental reforms. Domestic industry suffers from flaws in and conflicts between trade, fiscal, industrial, energy and agriculture policies, all of which need to be aligned to provide a holistic and conducive long-term policy to encourage further investment. The PBC seeks a national consensus from all stakeholders to promote domestic industry.

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