ISLAMABAD - The government has taken a number of steps to increase the industrial growth in the country. According to official sources, business cost has been brought down through lowering interest rate and dollar-rupees parity.  Tariff rationalisation has also been adopted to reduce the business cost, bring in new technology for product diversification and enhance efficiency of the industrial sector. Export Processing Zone Authority has established seven zones to promote industrialisation and increase foreign exchange earnings. Three new industrial zones are also being established. Six world-class Industrial parks to enhance the growth of industrial sector have also been established.

The sources said Small and Medium Enterprises Development Authority has established twenty-seven helpdesks for providing guidance to new industries for project identification and implementation. It also prepared around one hundred and seventy pre-feasibility studies to facilitate potential entrepreneurs in project identification and investment.

They said heavy dependence on imported furnace oil is being reduced through increased supply of natural gas and coal based power generation to reduce the cost of electricity in the energy generation mix.  This would have a positive impact on the industrial growth.