Govt asked to focus on manufacturing sector: Former ICCI President

ISLAMABAD, Oct 2 (INP) Economic growth and enhanced standard of living of the masses are positively correlated with national industrial activity, therefore, the government should focus on the development of the manufacturing sector, a business leader said Monday. Rich nations created a high-quality manufacturing base over the last several hundred years to gain wealth and power, he said.

We must understand that from the rise of England in the 19th century to the rise of the US, Germany, Japan and the USSR in the 20th century, to the newly industrializing countries like Korea, Taiwan, and now China, manufacturing has been the key to their prosperity, said Atif Ikram Sheikh, former president ICCI.