Soft loans for revival of industries proposed

LAHORE : Pakistan Furniture Council has called for a special incentive package, tax holidays, and provision of soft loans for revival of sick and closed industries in all provinces.

Chairing a board of directors meeting here on Wednesday, PFC CEO Mian Kashif Ashfaq presented a number of proposals for revival of sick and closed industries. He stressed that revival of sick and closed industries should be prioritised in the new Industrial Policy 2025-30. He lauded Punjab and KP governments' initiatives for industrialisation to help in boosting trade and economic activities in their provinces. He called for revival of sick and closed industries under a comprehensive roadmap and sought a special economic package. He suggested that tax holidays for sick and closed industries should be announced, and soft loans should be extended to entrepreneurs.