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PUBLIC SECTOR ENGINEERING UNITS MUST BE PROFITABLE

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GOVERNMENT OF PAKISTAN

MINISTRY OF INDUSTRIES AND PRODUCTION

PRO TO MINISTER

 051-9202856

Press Release

PUBLIC SECTOR ENGINEERING UNITS MUST BE PROFITABLE

     ……….Mir Hazar Khan Bijarani

Islamabad: February 02, 2010

            Federal Minister for Industries & Production, Mir Hazar Khan Bijarani, on Tuesday, during performance review meeting, lauded the efforts of State Engineering Corporation (SEC) for playing a key role in industrial development of the country. The Minister assured to support SEC in order to transform its industrial units, especially Pakistan Machine Tool Factory, Karachi into viable entities. Mr. Bijarani is the first ever Federal Minister to visit SEC Corporate Office.

            On arrival at SEC office, he was received by Chairman SEC. All the Managing Directors of the units and senior officers of SEC were also present. The Minister was accompanied by Secretary I&P, Mr. Abdul Ghaffar Soomro and Additional Secretary I&P, Muhammad Javed Malik. Giving presentation, Chairman SEC apprised the Minister that once SEC Group comprised of 12 industrial units but now it operates four units namely Heavy Electrical Complex (HEC), Hattar, Pakistan Engineering Company (PECO), Lahore, Pakistan Machine Tool Factory (PMTF) & ENAR Petrotech Services, Karachi, whereas the rest were either privatized or transferred. The Minister was also apprised of the variety of engineering goods being produced by the units, valuable technical expertise imparted to a number of technicians, development of various products on reverse engineering basis, their contributions in developing vendor industry, remarkable references in the export market and assistance provided to oil and gas sector in designing and engineering for more than 3 decades.

            Chairman also pointed out serious impediments faced by the companies’ particularly financial crisis affecting PMTF, non-compliance of commitment of WAPDA with regard to placing orders on HEC, disinvestment of PECO shares by NIT dis-balancing government holding and settlement of government loans extended to PECO for its revival. He was also informed about the privatization status of PMTF and HEC and consequences in case these high value units of national strategic importance are privatized. To turnaround the companies, Chairman also identified specific measures as financial restructuring and manpower rationalization of PMTF, Balancing, Modernization, Rehabilitation & Expansion (BMRE) of HEC and PMTF, besides empowerment of Board of Directors for effective business operations.

            The Minister while applauding SEC performance and achievements informed that his priorities are to drive the engineering units in public sector on the right track and produce high value goods presently being imported at very high cost. He emphasized for collective efforts to promote sound industrial base through manufacturing of capital goods at reasonable prices conforming to international quality standards besides generating employment in the country. The Minister expressed his keenness to turnaround the companies and assured his full support for resolving the issues requiring financial restructuring, capability enhancement, empowerment of board and other specific issues. He directed the Chairman to submit formal proposals on each issue so as to take-up at appropriate fora. We have to make these units viable and commercially profitable at every cost so that there is minimum rely on Govt. funding, the Minister urged the SEC Chairman.

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Departments

Export Processing Zone Authority (EPZA)

Engineering Development Board (EDB)

National Fertilizer Corporation (NFC)

National Industrial Parks Development

National Productivity Organization (NPO)

Pakistan Automobile Corporation (PACO)

Pakistan Gems & Jewellary Development Company

Pakistan Hunting & Sporting Arms Development Company

Pakistan Industrial Technical Assistance Center (PITAC)

Pakistan Institute of Management

Pakistan Steel

Pakistan Stone Development Company

Small & Medium Enterprises Development Authority (SMEDA)

State Engineering Corporation (SEC)

Technology Upgradation & Skill Development Company

Department of Explosives

Enar Petrotech Services

Utility Stores Corporation (USC)

 

 


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A seasoned and senior politician from Sindh, Mir Hazar Khan Bijarani has taken over as Minister for Industries and Production. Mir Hazar Khan Bijarani visited the USC Headquarters. Prime Minister issues directions for thorough industrial policy .

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