Three years performance of Ministry of Industries & Production and its subsidiaries

The present elected government of PPP, soon after coming into power, introduced a 9 Point Economic Agenda for accelerated economic development of the country which included Macroeconomic stabilisation, Social development, Agricultural growth, Industrial Competitiveness, Human Capital Development, Energy, Capital Markets, Public-Private partnerships for infrastructure and an Institutional/ Administrative Reforms.
These 9 points were the pillars of the government's Poverty Reduction Strategy. Based on the aforesaid 9 points, the Ministry of Industries and Production formulated a new Industrial Strategy for sustainable and broad-based growth of the Industrial Sector.
The main features of this new Industrial Strategy are to ensure economic recovery consistent with stabilisation, to maintain momentum of agriculture growth together with support Policies for revival of industries, to address critical infrastructure gaps in water, power and transport for enhancing competitiveness, to achieve Millennium Development Goals and reduce poverty through a comprehensive social protection system with an exit strategy, to facilitate balanced development in the country by reducing regional disparities and rehabilitation and reconstruction of conflict affected areas. Major achievements of the MoIP and its subsidiaries under the present government from March 2008 to March 2011 are as follows:-
STATE ENGINEERING CORPORATION, S SALES INCREASED BY 73% The role of State Engineering Corporation (SEC) was re-defined by the present government to make it a vibrant organisation. The overall performance of SEC group of companies has satisfactorily improved during the last 3 years. The high level of sales turnover amounted to Rs 216 millions against previous year of Rs 124.8millions thus registering an increase of 73%. These SEC groups of companies include Pakistan Engineering Company (PECO) Lahore, Pakistan Machine Tool Factory (PMTF) Karachi, ENAR Petrotech Services Karachi and Heavy Electrical Complex (HEC) Hattar.
SEC units made a number of achievements towards self-reliance and import substitution of high value added engineering goods, as are being highlighted here: PECO Lahore has enhanced its capabilities for producing a range of irrigation pumps and electric motors through invigorating its facilities. PECO also upgraded CNC Machining and Galvanising facilities through foreign partners to improve quality of products. PMTF Karachi has achieved an excellent development process, initiated through in house R&D efforts, for producing Computerised Numerically Controlled Turning Centre (CNC Machine Tools) has successful results. The company is now in a position to supply these machines on commercial basis. It has thus entered into a new era of technological advancement through first time development of CNC Turning Centre in Pakistan. PMTF has also successfully developed Stone Cutting Machines through R&D efforts after observing foreign manufacturing facilities and saved substantial foreign exchange. PMTF has now received orders worth Rs 82 million. ENAR Petrotech Services is another unit of SEC which has played a vital role in development of oil and gas sector of the country. It has been involved in major projects such as NRL's Revamps, OGDCL's Dakhni, Uch & Qadirpur Gas Processing Plant Projects, PARCO's White Oil Pipeline Project and PARCO's Mid-Country Refinery, OGDCL's Qadirpur Compression Project etc. In view of the of significance of Qadirpur Interim Compression Project ENAR workforce has put concerted and extraordinary efforts which resulted in timely completion of this project of immense national importance. It thus contributed towards meeting the energy supply-demand gap. HEC Hattar developed new power transformers of 40 MVA capacities besides re-designing of its old 20/26 MVA power transformers bringing it more economical and competitive.
EPZA'S 69% GROWTH IN EXPORTS In order to attract local and international investors Export Processing Zone Authority (EPZA) was established in 1980. A total of 10 Zones have been planned by EPZA while the Zones at Karachi, Sialkot, Risalpur and Saindak are fully functional and operational. In the Zone at Karachi 120 Industrial plots have been developed so far in which new Industrial units have either been established, or are in advanced stages of preparation. About 15000 to 20000 persons are likely to be employed directly or indirectly in 120 industries set up in Export Processing Zone Karachi. Further EPZA recorded 69% growth in exports during the current period from July 2010 to February 2011 as compared to the same period of last year. The exports of the current year were 41% higher to same period of last year.
USC EARNED RS. 3,096.833 MILLION PROFIT Utility Stores Corporation (USC) was established in July 1971 by taking over 20 retail outlets from the Staff Welfare Organisation. Passing through various stages of expansion and reorganisation, the Corporation at present is operating 5700 stores with profit earning throughout the country. USC earned Rs 3,096.833million profit during last three years. Further, the government of Pakistan Peoples Party has provided jobs to more than 4000 people in different scales. This will help to a great extent in the reduction of poverty in the country. USC in compliance with the decision / directive of the present Government has taken on duty more than 800 sacked employees who were terminated during the period from 1996 - 1998.The prices of items being sold out from the USC outlets are at an average less by 5% to 15%. The consumer through availability of essential commodities and other goods are availing economic relief of more than Rs 500.00 Million per month which is a great support to the middle and lower middle segments of the population in the country.
PAKISTAN INDUSTRIAL DEVELOPMEN CORPORATION (PIDC) PIDC is a corporation under the Ministry. It has taken a number of mega projects in hand during the last three years for industrial growth through its Sub subsidiaries like Technology Up-gradation & Skill Development Co (TUSDEC), National Industrial Park Dev. & Management Co (NIP) Karachi, Tools, Dies & Moulds Centre (KTDMC), Pakistan Stone Development Co (PASDEC), Pakistan Gem & Jewellery Dev.Co (PG&JDC), Pakistan Hunting & Sporting Arms Dev. Co (PHSADC), Furniture Pakistan and Aik Hunar Aik Nagar (AHAN). PIDC has also established Joint Ventures on Public Private Partnership basis like Southern Punjab Embroidery Industry (SPEI) and Pakistan Chemical and Energy Sector Skills Development Co (PCESSDC). In this regard PIDC has setup 100% funded Sub subsidiaries in these companies.
Technology Upgradation & Skill Development Company (TUSDEC) TUSDEC has successfully implemented a number of projects aimed at upgrading technologies and enhancing skills. These projects include (KTDMC), (SDCs), Technical Upgradation of Garment Industry, Establishment of Advanced CAD/CAM Training Centers, Gujranwala Tools, Dies & Moulds Centre (GTDMC), Ceramics Development & Training Complex (CDTC), Skill Development Centre for Overseas Employment and Cement Research & Development Institute. TUSDEC is a subsidiary of the PIDC approved by ECNEC for Rs 878.04 million on 30th November, 2006. President Asif Ali Zardari inaugurated it on January 2010. GTDMC has so far done business worth Rs 21 million.