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Govt trying to revive medium, small industry, says Shaukat

RECORDER REPORT

MARDAN: Finance Minister Shaukat Aziz said on Friday that the government was trying hard to revive medium and small industry which is the backbone of economy.

Addressing at Mardan Chamber of Commerce and Industry (MCCI) he said about 60 percent of the national income is spent on debt servicing, which leaves a little room for any real development. He said far-flung areas like Mardan are contributing well in the national economy through small and medium industry. The minister promised to help industry through various official schemes, in their revival struggle. He said government was forming a corporation, which will absorb the debt of reviveable industry.

Earlier, he administered the oath to the newly-elected members of Mardan Chamber. Former MCCI chairman, Nasim-ur-Rehman and former FPCCI Chairman Ilyas Bilor were also present on the occasion.