National Steel Complex Delegation Meets Jam Kamal Khan to Tackle Industrial Bottlenecks.
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National Steel Complex industrial reforms Pakistan
The meeting between the National Steel Complex Limited (NSCL) delegation and Federal Minister for Commerce Jam Kamal Khan highlighted the significant structural hurdles currently facing Pakistan’s industrial landscape. The discussion centered on aligning fiscal policy with the goal of increasing national export capacity.
Primary Industrial Bottlenecks
The delegation identified three critical areas requiring urgent government intervention:
- Double Taxation in EPZs: Manufacturers operating within Export Processing Zones (EPZs) are reportedly facing redundant tax layers that erode profit margins and discourage further investment.
- Energy Cost Inflation: Rising electricity and gas tariffs were cited as a primary reason for the lack of competitiveness in the global steel market.
- Incoherent Tariff Structures: The current duty framework was described as penalizing local value addition, effectively making imported finished goods more attractive than locally manufactured alternatives.
