KATI Welcomes Decision on First National Industrial Policy, Urges Swift Implementation

KARACHI: President of the Korangi Association of Trade and Industry (KATI), Muhammad Ikram Rajput, has welcomed the government’s decision to introduce the first-ever National Industrial Policy, describing it as a landmark step toward strengthening Pakistan’s industrial base.
He said the policy, if implemented effectively and with consistency, could become a turning point for industrial growth in the country. Rajput praised the proposal to facilitate the repatriation of overseas Pakistani investments, calling it a positive move for industrial development. However, he stressed the need for a clear and transparent policy framework to ensure these measures translate into tangible outcomes rather than remain on paper.
“The capital of overseas Pakistanis is the backbone of our economy,” Rajput said. “If brought back through secure international financial channels, it can significantly boost both investment and industrial production capacity.”
President KATI further stated that the proposed National Industrial Policy 2025–2030, may includes the removal of import duties on raw materials and machinery, would directly reduce export costs and enhance the global competitiveness of Pakistani products.
Rajput emphasized that policy continuity is critical for sustainable industrial progress. “In the past, even good policies failed to deliver because of poor implementation. This time, the government must involve the private sector at every stage to ensure practical and lasting results,” he said.
He expressed hope that the government would make decisions based on national and industrial priorities, rather than waiting for external approvals such as from the IMF, so that Pakistan can move toward industrial self-sufficiency and export stability.