ISLAMABAD (APP) - The Senate Standing Committee on Industries and Productions called for all out efforts for complete revival of the industrial sector by rationalizing tariff structure and bank mark-up rates. The meeting held under the Chairpersonship of Senator Anisazeb Tahirkheli also stressed the need for ensuring uninterrupted power and gas supply to the industries, besides improving the general law and order situation and evolving a comprehensive vision for future. It expressed concern over the present declining trends particularly being witnessed in the automobile sector and called for immediate steps to improve the situation. Senator Haroon Khan said high interest rates would stifle growth at the industry. Textile sector, he said, in particular is in doldrums. Senator Dilawar Abbas stressed the need for alternative sources of energy for boosting production. He called for according priority to hydel power production. Senator Saadia Abbasi emphasized that more attention must be paid to R&D to promote growth and development. Federal Minister for Industries & Productions, Mian Manzoor Ahmed Wattoo expressed Government's firm resolve to revive the industrial sector by addressing the core issues plaguing the industry and to work hard not only for boosting production but also for creation of new employment opportunities. He said he is constantly in touch with the Chambers of Commerce and Industry and other relevant people. He termed the Pakistan Steel Mills as a precious national asset and ruled out its privatization at the moment. The capacity of the mill is being enhanced, he said. Wattoo said the Ministry would continue to seek guidance from the elected representatives of the people and assured their suggestions would be given due consideration. Earlier, Secretary, M/o industries & Production informed that industrial sector has been hit hard by a combination of economic factors including Power, Gas outages, high input cost in some industries and high interest rates. M/o Industries & Productions is the custodian of the legitimate interests of the industrial sector. These issues were taken up by the Ministry with the concerned Ministries of Water & Power, Petroleum & Natural resources, State Bank of Pakistan, Finance Division and Federal Board of Revenue. He said with regard to load-shedding, the ministry of Water & Power has informed that the latest strategy chalked out by them to overcome the energy shortage is Steel furnace industry (uninterrupted supply is resorted from 12a.m. to 6 a.m) textile industry (it has been divided into two shifts i.e. 8hrs + 8hrs uninterrupted supply) and miscellaneous (other industries are supplied 8 hrs daily).