Islamabad, Dec. 5 -- Chairing a meeting with the Federal Cabinet in capital city for reviewing recommendations from the sub-working group on Customs duty and wider trade reforms, Pakistani Prime Minister Shehbaz Sharif announced that his cabinet was taking measures on priority with an aim to reduce production costs across all industries in a bid to strengthen the country's extremely weak economic fabric and bolster its deteriorating trade competitiveness.

Federal ministers Muhammad Aurangzeb, Attaullah Tarar, Musadik Malik, Awais Ahmad Khan Leghari, Ahad Khan Cheema, Ali Pervaiz Malik, Azhar Bilal Kayani, Haroon Akhtar, as well as the national coordinator of the Special Investment Facilitation Council (SIFC), senior officials, and represen...