Pakistan, Sept. 15 -- The government is right to think about policies that would not only boost the industrial sector but also address that lingering problem about ease of doing business. It's one thing to give industry tax rebates and other such incentives but unless you cut some of the cumbersome red tape even such measures can only achieve so much. After all, it's an open secret that anybody wishing to set up any new production unit has to have so many phone calls made to so many relevant officials and grease countless palms that very few consider the whole exercise even worth the effort at the end of the day.

There's another reason that industrial transformation must happen now. This government has made some impressive strides forwar...