• Next is for MoI&P (Ministry of Industries and Production), MoITT (Ministry of Information Technology and Communication), MoC (Ministry of Commerce) with MoF&R (Ministry of Finance and Revenue) ensuring environment to encourage Product Development and Improvement, Cottage industry and SMEs by facilitating them for value addition, establishing a conducive process for start-up companies to raise funds through market and without need to establish holding companies abroad with goods and services export growth target of 20% of GDP (9% 2021, World Average 42%) by 2027.
They need to rapidly be creating SEZs (Special Economic Zones) with provinces (Value Added Export, Relocated Industry, Sports, Minerals, IT, Engineering, Chemicals, Auto parts, Surgical) and develop tourism along the coast of Balochistan and in GB with right to source energy directly from producer internationally or locally using third- party access.
Ending hopium—I
This requires merger of TDCP (Tourism Development Corporation of Punjab), TDAP (Trade Development Authority of Pakistan), SEZs (Special Economic Zones), PBIT (Punjab Board of Investment and Trade) organisation into Ministry of New Ventures by merger of MoI&P, MoITT, MoC.
Base Policy with incentives for all industries needs to be in place with continuity ensured and ambiguities removed. SIFC (Special Investment Facilitation Council) and cabinet can approve additional incentives. The numerous agencies need to be merged, their processes improved and ‘controls’ rationalized for improving ease of business.
Power Division and MoI&P are to present a proposal to address the issue of surplus power capacity by developing industrial zones and resolving net metering issues in guess what time frame? 30 days!
Ending hopium—II
• MoMA (Ministry of Maritime Affairs), MoI&P, Ministry of Railways, Ministry of Communications and MoE to define a 30-year infrastructure implementation roadmap and benchmarks for exports and energy imports based on threshold of exports and remittances........