International Rating Agency Moody’s said that China Pakistan Economic Corridor (CPEC) plan will reduce energy crisis that will help the government to increase industrial production through new projects while the industrial sector will progress as the result of steps taken in budget 2016-17.
In the latest report released by Moody’s, it is said that the Pakistani government is spending and working heavily on different energy related projects that will help to control energy crisis in future. It will later increase the production of industries.
Moody’s also told that production cost of industries will reduce and exports will increase with steps of duty free import of machines and zero rated tax of import sector taken in budget 2016-17.
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