In a statement here on Thursday, Iftikhar Malik said acceptance of that demand of business community would help industrialists to expand their industrial units, undertake balancing, modernisation and renovation (BMR), and add modern machinery to their factories, which in the presence of previous limit under Monopoly Control was not possible. Decision of the Government will certainly encourage the investment in heavy industry, which would cause the development of downstream industry.
In a statement here on Thursday, Iftikhar Malik said acceptance of that demand of business community would help industrialists to expand their industrial units, undertake balancing, modernisation and renovation (BMR), and add modern machinery to their factories, which in the presence of previous limit under Monopoly Control was not possible. Decision of the Government will certainly encourage the investment in heavy industry, which would cause the development of downstream industry.