| Pakistan - National Vision
( Rapid Industrialization and Economic Growth ) |
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ENGINEERING SECTOR in PAKISTAN |
Policy Thrust
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Build Pakistan's image as a professional producer of quality products as per international standards;
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All Policies to be driven by national interest supporting local industry but without infringing on international commitments;
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Fragmented decision must be avoided by following an integrated approach with various policies complimenting and not contradicting each other. Ministry of Industry and Production /EDB to be invariably consulted on all issues and policy formulations affecting the Industrial sector
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Full participation of private sector stakeholders in policy formulation, implementation and monitoring to be ensured.
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| Human Resource Development |
On the pattern of increased allocation for higher education, the technical Manpower Training to be given priority through larger allocation for technical education and skill development for the next five years. |
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| Local Engineering Industry |
- Ensure local components of PME to be at least 30% especially for Energy Sector Projects;
- Procurement of engineering goods and Design Engineering Services should be sourced through local engineering companies .In case local expertise is not available, Pakistani companies should seek collaboration with foreign companies with the condition that such collaboration should ultimately lead to transfer of technology;
- Earmark 2000 MW of power generation with progressive indigenization for local engineering industry in the power of policy; and
- Make existing system more effective to ensure that the public sector / government procurement is undertaken from the local engineering Industry
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Technological Up gradation |
| Provide sufficient funds for the Technology Development fund (MOST) for allocation to the Engineering Sector on matching grant basis. |
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Globalization of Industry |
- Ministry of Industries & Production and Board of Investment (BOI) should formulate aggressive and attractive policies to attract relocation of industries from industrialized countries; and
- All efforts to be made to make Pakistan member of global supply chain, particularly auto sector CKD kits and Spare Parts.
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Encourage Rapid Growth Through Market Enhancement |
- Government has recently announced Consumer Financing Scheme for market enhancement. Enactment of effective repossession laws to further encourage leasing be expedited;
- Expedite establishment of EXIM bank
- As a matter of Government policy stakeholders to renegotiate existing agreements with foreign partners to permit exports of tractors, cars, transformers, electric motors, pumps etc. form Pakistan; and
- Selective intervention to encourage and expand STAR performers
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Institutional & Regulatory Framework |
- Rationalization of tax and tariff regimes carried out in the last two budgets by Ministry of Industries & Production, CBR and EDB to be continued to provide protection and level playing field including withdrawal of exemptions detrimental to the local Industry;
- During the President / Chief Executive's visit to Japan a major achievement was the financial & technical support provided by Japan for upgrading three (PITAC Lahore, PTC& AT&TC Karachi) common facility and technology support centers. Similar additional centers should be planned and established throughout the country on priority;
- Strengthen Pakistan Standard & Quality Control Authority; and as directed, M/o Industries & Production / Engineering Development board are to be assigned the responsibilities to ensure implementation of this growth strategy. The EDB should be accordingly strengthened and provided leagle cover. The additional financial requirement to be determined by the Minister of Industries and Production in consultation with the Minister of Finance .Cabinet Division is requested to take further necessary action accordingly.
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