Industrialists meet PM's Advisor, Punjab trade minister.

LAHORE -- Industrialists and businesspeople of Punjab called on Advisor to Prime Minister on Trade and Investment Abdul Razaq Dawood and Provincial Minister for Industries and Trade Mian Aslam Iqbal, here at Civil Secretariat on Saturday.

Problems facing industrialists, industrialisation and other issues were discussed during the meeting. Provincial Minister Mian Aslam Iqbal gave a detailed briefing on promotion of industrialisation in Punjab and government's future strategy.

Talking to industrialists, Abdul Razaq Dawood said, 'I am the representative of industrialists in Islamabad and I will help solve all their genuine problems.'

He said that duty on import on raw material for industries was being reduced by six per cent from January 1, 2021. The reduction of import duty on raw materials will benefit the industry. He said that industrialists should give suggestions for long-term planning of industrialisation. State-of-the-art testing lab should also be established, he said and suggested that it should be given the status of an industrial estate where industries are located so that industry could take benefit.

Dawood said that business community should take benefit of the government's temporary economic refinance facility for importing machinery and the scheme of...