For industrial growth in Pakistan a dedicated industrial policy is needed, as the present industrial policy does not have the 'will' on the part of the government.
Bashir A. Tahir, Chief Executive of Dhabi Group, UAE, and Chairman of Bank Alfalah and Warid, expressed these views while talking to newsmen here on Friday. It is pertinent mention here that Bashir A. Tahir has been awarded with Sitara-e-Imtiaz on March 23 by the Government of Pakistan.
About industrial growth, he said, although the government formulates an industrial policy, but on ground no proper industrial infrastructure was provided at industrial estates. It has been observed that in many small industrial zones electricity or water was missing that causes problems for the industrialists. "Hence, no provision of an adequate industrial infrastructure reflects lack of will on the part of the government. In contrast, comprehensive facilities were provided to the manufactures in one industrial zone in UAE," he added.
He said that his group was one of bidders of Pakistan State Oil, which was in the process of privatisation. He further said that the dates of bidding had been extended for several times, so that they could gain extra-time to study the company accounts. He was of the view that the government has not prepared themselves for the privatisation of PSO.
According to him, his group has heavily invested in Pakistan, and Bank Alfalah and Warid Telecommunication reflect our investment commitment. Moreover, they were in the process of building multi-purpose centre at Ferozepur Road, Lahore, at the cost of more than US $400 million and it would be the tallest building in the area with three basements and 60 storeys. Hopefully by 2007-08 the shopping area of the centre would be completed.
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