08-11-2006
“Pakistan Ordnance Factories have been opened for joint ventures, joint training and joint Research and Development with private sector. We want to make POF a hub of national industrial activities”. This was stated by Lt Gen Syed Sabahat Husain, Chairman POF Board while giving concluding remarks on the second day of two day Seminar on “Private – Public Sector Partnership” held here this evening. He said that at the time of partition in 1947 we had no industrial base at all. All infrastructure of defence and other industries went to Indian share so we had to start from the scratch. During the last 55 years we have made tremendous progress in every industrial field. With the passage of time and now Pakistan was the only Muslim Nuclear Power in the world. While presenting his Vision 2020, he said that Public and Private Sector partnership was the foremost goal of present management of this premier defence production organization. Lt Gen Syed Sabahat Husain said that Pakistan there was no dearth of resources in our country. Our talented experts had excelled in all spheres of life the world over. He complimented the speakers for presenting thought provoking papers during the Seminar.
Earlier Maj Gen Zaheer Ahmad Khan, Director General Military Vehicles, Research & Development Establishment (MVRDE) presented the introduction of his organization and said that his organization has been engaged with as many as 20 private companies in connection with the production of various equipments. Similarly ARDE and Institute of Optronics have also been engaged with private sector for production of various items.
Secretary Board of Investment Mr. Talat Rasheed Mian presented his paper on “Investment Climate and Opportunities in Pakistan”. He said that during the last seven years our macro economic conditions have been stabilized enormously. The present Government has introduced a lot of structural and capital market reforms which resulted in liberal investment regime in Pakistan. He said that as a result of policy reforms, we have succeeded in fast tracking privatization, liberalization and deregulation process of various sectors. He said that the economic indicators of the country have been improved considerably. Our DGP has grown up to 6.6. percent during 2006 in spite of drastic Earthquake calamity. Our Stock Market have shown excellent results. Secretary BOI said that we equally treat local and foreign investors and presently as many as 600 foreign companies have been doing business in various sectors especially in Power, Information Technology, Agriculture, Tourism and Oil and Gas.
The second speaker Dr. Aamir Ali from Millat Tractors enumerated the benefits of the partnership between private and public sector. He said that both the sectors could excel in many fields with combined efforts.
The third speaker Mr. Sameer Hoodbhay, Chief Executive Officer, Data Communication presented his paper on “Indigenizaiton with Software”. He said that software industry has made tremendous progress during the last ten years as we had only 200 IT Graduates in 1996 and presently there are about 10,000 IT Graduates and many Diploma holders have been rendering valuable services in various organizations. He said that benefit of research and development in defence industry must trickle down to the civilian sector. A sincere and committed leadership is must for a successful public and private sector partnership, Mr. Sameer concluded. |