The Friends of Economic & Business Reforms (FEBR) President Kashif Anwar has stressed the need for bringing down industrial cost of production, which is very high on account of soaring energy tariffs, expansive fuel and constant rupee depreciation along with rising import duties on inputs, making the local production uncompetitive. In a statement issued here today, Kashif Anwar, who is also former vice president of LCCI, asked the government to take concrete steps to attract foreign investment, saving the livelihood of millions of workers associated with various sectors. He observed that the government will have to make visible reduction in taxes to help revive the businesses in post-corona economic strategy. He said that like the domestic industry Covid-19 crisis has also forced the global investors to put their new investment plans on hold. He said that there is no visible improvement in employment even after the business activities were allowed and countrywide lockdown eased. The small and medium industries (SMEs) -the main providers of jobs are still struggling because of lack of funds and demand.