KARACHI: The Pakistan Business Council (PBC) has expressed surprise over the federal government’s approval of a new industrial policy without prior consultation with the country’s leading industrial stakeholders.

The policy, aimed at revitalising the ailing manufacturing sector, was finalised on Friday during a meeting of the Prime Minister’s Committee on Industrial Policy. The decision highlights the urgency of reform measures as the country grapples with prolonged industrial contraction.

In a communication addressed to Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan on Saturday, PBC CEO Ehsan Malik noted that the government had accepted the council’s long-standing........

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